The Traderszone Network

Published in TZ Latest News 4 December, 2015 by The TZ Newswire Staff

U.S. car makers count among Pacific trade pact skeptics

U.S. auto makers are unlikely to win a much bigger share of the Japanese vehicle market despite a bid to break down trade barriers under a new Pacific trade pact, a key advisory committee found, highlighting the difficulties ahead in winning votes for the deal through Congress. Car makers joined the tobacco industry, pharmaceutical companies and financial services in expressing reservations about parts of the Trans-Pacific Partnership (TPP) agreed among 12 Pacific Rim trading partners in October.