The Association of Global Automakers applauds the Administration's announcement today that negotiations on the Trans-Pacific Partnership (TPP) have concluded and a deal has been reached.

Open trade and investment policies have encouraged international automakers to invest billions of dollars in the United States, creating a stronger domestic manufacturing base and stimulating economic growth. If approved by Congress, the Trans-Pacific Partnership will provide new opportunities to increase exports and support American jobs.

This agreement covers approximately 40 percent of the global economy and puts into place rules that facilitate trade and reduce barriers. This agreement will benefit American consumers and businesses alike by creating an engine for future U.S. economic growth.