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International Trade

Chrysler, Ford and GM have supported every major trade agreement negotiation to establish a 21st Century Trans-Pacific Partnership (TPP) free trade agreement with Australia, Brunei, Chile, New Zealand, Malaysia, Peru, Singapore and Vietnam. AAPC also works to support U.S. trade relationships with other countries around the globe.

The Trans Pacific Partnership

The TPP will also provide a high standard free trade agreement model for the Asia-Pacific region, and a solid economic anchor for the United States in Asia to prevent an economic and trade divide in the middle of the Pacific region.

International Trade, and the TPP, will allow the U.S. to build on existing free trade agreements with four of the eight other countries (Australia, Chile, Peru, Singapore) by better coordinating and harmonizing gains already made in prior trade agreements with those nations. The TPP will serve as a substantial step forward by establishing free trade agreements with four new U.S. trade partners (Brunei, Malaysia, New Zealand and Vietnam). Finally, the agreement will allow the nine signatories to establish a model agreement capable of serving as a high-standard, broad-based regional pact.

Nov 10 2014
Written by Shawn Donnan | Posted on Financial Times

The Obama administration faces pressure to include currency provisions in a new Pacific Rim trade pact, with Republicans and Democrats citing swings in the yen as cause for action.

The White House has been trying to avoid addressing the issue in talks with Japan and 10 other countries over a Trans-Pacific Partnership (TPP), since a bipartisan majority in Congress called last year for any resulting pact to include provisions to ban currency manipulation.

Nov 06 2014

For Immediate Release:
November 6, 2014
Contact: Colin Dunn
info@americanautocouncil.org
(202) 400 - 2609

AAPC Statement on Japan’s Devaluation of the Yen

Nov 06 2014
Written by Yoko Kubota | Posted on The Wall Street Journal

Toyota Motor Corp. said it expects record profit in its current fiscal year, buoyed by a weaker yen that helps exports and a model lineup that is steaming ahead in the U.S.

The world’s largest auto maker by vehicle sales turned in another blockbuster quarter powered by sales of its profitable sport-utility vehicles in the U.S. Toyota’s July-September net profit rose 23% from a year earlier to ¥539 billion yen ($4.7 billion), topping profit at global rivals Volkswagen AG and General Motors Co.

Oct 28 2014
Written by Simon Johnson | Posted on Project Syndicate

Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the right way?

Oct 03 2014

 

 

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