Transatlantic auto industry pushes for progress on EU/US trade deal
Brussels/Washington DC, 13 December 2013 – The European Automobile Manufacturers’ Association (ACEA), the American Automotive Policy Council (AAPC) and the Alliance of Automobile Manufacturers (Auto Alliance) welcome the third round of negotiations of the Transatlantic Trade and Investment Partnership (TTIP), taking place in Washington DC next week.
Seeking a comprehensive auto package, ACEA, AAPC and the Auto Alliance have been actively working with negotiators on both sides of the Atlantic, voicing a common position for the Transatlantic automotive industry.
Specifically, they are developing a research package to demonstrate the compatibility of the EU and US automobile regulatory frameworks and outcomes. Exchange of automotive parts and whole vehicles accounts for a large portion of EU-US trade.
A third of the estimated total potential increase in trade between the two economies associated with a successful TTIP negotiation is forecasted to come from this sector. If both sides are to leverage the full economic potential of the TTIP, achieving a comprehensive auto package with strong regulatory compatibility features must be a priority. This will require high-level support from stakeholders and government officials on both sides of the Atlantic.
Notes for editors
About the American Automotive Policy Council
- The American Automotive Policy Council represents the common public policy interests of its member companies – Chrysler Group LLC, Ford Motor Company and General Motors Company.
- Media contact: Colin Dunn +1 202 400-2609, info@americanautocouncil.org
About the Alliance of Automotive Manufactures
- The Alliance of Automobile Manufacturers is a trade association of 12 car and light truck manufacturers including BMW Group, Chrysler, Ford Motor Company, General Motors, Jaguar Land Rover, Mazda, Mercedes-Benz, Mitsubishi Motors, Porsche, Toyota, Volkswagen and Volvo.
- Media contact: Wade Newton +1 202 326 5571
About ACEA
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Cara McLaughlin, Communications Director, cm@acea.auto, +32 485 88 66 47.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 billion in tax revenue for European governments
- €79.5 billion trade surplus for the European Union
- Almost 8% of EU GDP generated by the auto industry
- €58.8 billion in R&D spending annually, 32% of EU total
