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Last updated on April 16, 2014 at 7:25 EDT

Global Automakers Welcomes Japan’s Participation in the Trans-Pacific Partnership Free-Trade Talks

April 12, 2013

WASHINGTON, April 12, 2013 /PRNewswire-USNewswire/ — Global Automakers is pleased with today’s announcement by the United States Trade Representative welcoming Japan’s participation in the Trans-Pacific Partnership (TPP) free-trade talks. The Association supports the expansion of international trade and has encouraged the broadest possible participation in the TPP, including that of Japan, Canada, and Mexico.

(Logo: http://photos.prnewswire.com/prnh/20120928/MM83271LOGO )

“As the third largest economy in the world, Japan’s participation in the TPP is important because it will expand trade and investment opportunities to the benefit of consumers in all of the participating countries,” said Michael J. Stanton, president and CEO of Global Automakers.

Global Automakers’ members have invested more than $40.2 billion into U.S. auto production, R&D, and sales. These companies also directly employ over 85,000 Americans and indirectly create hundreds of thousands of dealer and supplier jobs across the United States.

“Free trade agreements have helped drive global competition,” added Stanton. “Our members today build 50 percent of the vehicles they sell here in America and now export over 300,000 U.S.-built vehicles annually.”

The Association of Global Automakers represents international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. We work with industry leaders, legislators, and regulators to create the kind of public policy that improves vehicle safety, encourages technological innovation, and protects our planet. Our goal is to foster a competitive environment in which more vehicles are designed and built to enhance Americans’ quality of life. For more information, visit www.globalautomakers.org.

Contact: Annemarie Pender
202.650.5548 | apender@globalautomakers.org

SOURCE Global Automakers


Source: PR Newswire