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.
HITTING THE PAPERS TODAY: The American Automotive Policy Council has a full-page ad running in today’s POLITICO and The Hill papers noting that majorities of both chambers of Congress support strong provisions against currency manipulation in the Trans-Pacific Partnership debate. Give it a look: http://politico.pro/1fHdNWp. And POLITICO Influence reports that Ford has hired Hoppe Strategies to lobby on TPP issues: http://politi.co/19kozbZ
WASHINGTON, D.C. - The American Automotive Policy Council (AAPC) today ran full-page ads in Politico and The Hill highlighting that bipartisan majorities in the U.S. House and the U.S. Senate support the inclusion of strong and enforceable rules in trade agreements that will prevent currency manipulation.
"A broad, bipartisan majority of the U.S. Congress is calling for strict currency manipulation rules in the TPP," said Matt Blunt, president of AAPC. "Enforceable, strong rules are critical to reaching a high-standard agreement that can be supported by the U.S. auto industry."
Toyota Chairman Takeshi Uchiyamada on Monday challenged Detroit-based automakers to spell out exactly what barriers they face selling in Japan’s market as negotiations between the United States and Japan on a regional free-trade pact intensify.
“We would like to hear specifically what kind of problems they are seeing. And listening, we’d like to work together in a forward-looking way, including confirming what they’re saying is a fact,” Uchiyamada told reporters after a speech to the Economic Club of Washington.
The Obama administration is racing to finish negotiations on a Pacific free-trade pact by year's end, but it's running up against a potentially major obstacle at home.