Statement by Paul D. Ryan, Vice President of Trade and Competitiveness, Global Automakers

“Today’s formal signing of the Trans-Pacific Partnership (TPP) agreement in Auckland, New Zealand, is an encouraging step forward for our nation’s competitiveness. The TPP deal will provide U.S. businesses with new opportunities for growth and consumers with more competitive choices.

“Open trade and investment policies have encouraged international automakers to build and expand their U.S. operations, increasing their production in the U.S. by 2.4 million vehicles over the past decade. These automakers continue to commit to U.S. jobs and the economy with additional research and development facilities, testing laboratories, manufacturing operations, and increased exports.

“The TPP accord will provide these companies with even more opportunities to invest locally, creating more American jobs and further strengthening our domestic manufacturing base. We encourage the President and Congress to work together to find a way forward on this important trade deal.”

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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.