TTIP: the common position of the transatlantic automobile industry
Brussels, 2 February 2015 – As the 8th round of Transatlantic Trade and Investment Partnership negotiations gets underway in Brussels this week, the European Automobile Manufacturers’ Association (ACEA), the American Automotive Policy Council (AAPC) and the Alliance of Automobile Manufacturers (Auto Alliance) are again voicing their common position on behalf of the transatlantic automobile industry.
Speaking ahead of the stakeholders’ consultations, the industry bodies said: “Auto trade already represents 10% of total EU‐US trade. Together, we are calling for a comprehensive automotive deal which should include the elimination of both tariffs and non-tariff barriers through regulatory convergence. This will increase trade volumes, lower production costs, create more and better jobs, and improve industrial competitiveness. We believe this can happen without lowering the high safety and environmental standards we have in both the US and the EU.”
“Manufacturers currently face unnecessary redesign and redevelopment costs to produce cars for export to the US in order to meet safety standards which differ to those in the EU,” explained ACEA Secretary General Erik Jonnaert. “This does not add additional safety protection. Where EU and US standards are, in their outcomes, effectively equivalent, we should be able to agree on mutual recognition. For future regulations, we should aim for harmonisation and encourage regulators to work more closely together to find common solutions.”
ACEA, AAPC and the Auto Alliance have been actively working with negotiators on both sides of the Atlantic since the announcement of the TTIP negotiations. On 4 February, they will be making a joint presentation to the negotiators during the stakeholders’ consultation meeting.
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, 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, email@example.com, +32 485 88 66 47.
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About the EU automobile industry
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €74 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.