Will a TPP agreement with Japan harm U.S. automakers.
Japan has officially entered negotiations for a Trans-Pacific Partnership (TPP) and U.S. Rep. Sandy Levin (D-MI) has expressed concern that any trade negotiations with Japan must address Tokyo's currency manipulation and other non-tariff barriers.
In a statement today, Alliance for American Manufacturing (AAM) President Scott Paul echoed Rep. Levin's views. Paul's support of Levin's views was subsequently quoted by the Associated Press's Jim Abrams:
Scott Paul, president of the Alliance for American Manufacturing, applauded Levin's suggestions, saying that if the administration "is serious about growing manufacturing jobs and signing a high-standard Trans-Pacific Partnership trade agreement, it will adopt these ideas as its bottom-line negotiating position moving forward."
Bloomberg News's Brian Wingfield also picked up on Paul's insistence that bringing Japan into trade talks should be tied Tokyo opening its markets.
“If the Obama administration is serious about growing manufacturing jobs and signing a high-standard Trans-Pacific Partnership trade agreement, it will adopt these ideas as its bottom-line negotiating position moving forward,” Scott Paul, president of the Alliance for American Manufacturing, said in a statement. The Washington-based, non-profit group includes U.S. manufacturers and the United Steelworkers union.
AAM has previously voiced concerns about Japan's closed market and currency manipulation, including:
- A May 22, 2012 letter, co-signed by AAM and a broad cross-section of U.S. manufacturers and industrial groups, urging the Obama Administration to include rules governing currency manipulation as a key point of any future trade agreements.
- A February 23, 2013 op-ed by Paul that identified problems posed by Japan's market barriers and currency manipulation.
- A March 15, 2013 press statement urging the Obama Administration to address currency issues before concluding any TPP discussions with Japan.
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