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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.

Aug 22 2013
Written by Scott Paul | Posted on The Detroit News

The city of Detroit has temporarily tapped out. In this case, municipal bankruptcy is more than just relief from debt obligations; it represents a huge psychic wound for the heart of American industry. Michigan makes things. So how could it have gotten this rough?

It’s bad, but there is hope. The Big Three, only a few years out of their deathbeds, are back in the black. GM, Ford, and Chrysler have produced profits that measure in the billions, despite the prewritten obituaries that appeared in 2009.

Despite their turnaround, the Big Three still face significant hurdles in getting their goods into Japan, and face import competition subsidized by currency manipulation. In fact, imports from all countries, including the U.S., account for only 6 percent of Japan’s auto market. Meanwhile, America has one of the most open auto markets in the world.

 

 

Aug 02 2013
Written by Tom Walsh | Posted on Detroit Free Press

Last week, on the same day Japan finally jostled its way into the Trans-Pacific Partnership free trade talks with the U.S. and 10 other nations, petitions signed by more than 80,000 Ford, Chrysler and General Motors workers were sent to U.S. Congress members, urging that Japan be forced to stop rigging its currency to subsidize exports and keep out imports.

 

Jul 24 2013
Written by Vicki Needham | Posted on The Hill

A senior House Democrat wants Japan to earn any further reductions on auto tariffs by opening up its market to U.S. auto imports.

House Ways and Means Committee ranking member Sandy Levin (Mich.) called for a "new and more assertive approach to the problem" of solving Japan's longstanding restrictions on imports of foreign cars.

"Negotiations to open the Japanese auto market have repeatedly and totally failed in the past," he said Tuesday during a trade event at the Peterson Institute.


 

Jul 24 2013
Written by Doug Palmer | Posted on Reuters

A senior U.S. lawmaker on Tuesday urged the Obama administration to push for tough rules on opening the U.S. market to more Japanese autos and to take a firm line in free trade talks against currency manipulation, as Detroit automakers and workers turned up the heat on the White House.

The demand from Representative Sander Levin, the top Democrat on the House of Representatives Ways and Means Committee, highlighted the difficulty President Barack Obama may face in getting the proposed Trans-Pacific Partnership pact through Congress, unless he responds to concerns about the agreement among many of his own party members.

Jul 24 2013
Written by David Shepardson | Posted on The Detroit News

More than 80,000 hourly and salaried U.S. auto workers signed a petition urging Congress to oppose approving a free-trade deal including Japan without significant changes on auto policy and currency by the world’s third-largest economy.

The petitions arriving at Capitol Hill offices Tuesday from employees at General Motors Co., Ford Motor Co. and Chrysler Group LLC strongly urge Congress to oppose completing the Trans-Pacific Partnership with Japan unless currency manipulation and non-tariff barriers are addressed.


 

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