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.
A majority of the House of Representatives has signed a letter urging President Barack Obama to insist on new rules against currency manipulation in a proposed trade agreement with Japan and 10 other countries in the Asia-Pacific region.
A majority of House members have signed a letter calling on the Obama administration to address currency manipulation in Asia-Pacific trade deal negotiations.
A draft letter circulating in the House of Representatives that calls on President Obama to seek currency provisions in the Trans-Pacific Partnership (TPP) has thus far garnered bipartisan support from lawmakers representing more than one-third of the House.
The letter signals that the drive to convince the Obama administration to address currency manipulation in TPP is gaining traction, including among members of the Republican caucus (Inside U.S. Trade, May 10).