The National for Friday, January 27, 2017
leaders of the automotive industry are pushing for lower tariffs between the EU, the United States.
BERLIN January 28 Heads of German automotive companies like BMW, Daimler and Audi lobbied politicians on Wednesday to reach a trade deal that could see rates fell between the United States and the European Union.
BMW boss Norbert Reithofer said about 40 percent of all cars produced are sold in Europe and the US tariff elimination would save about 1 billion euros 1 1 billion for the German automotive industry alone, at- he says.
Politicians including Chancellor Angela Merkel and US President Barack Obama German campaign for a so-called transatlantic trade partnership and TTIP investment, an agreement that could allow developers argue automakers to simplify the design of vehicles and conserve industry pay rates.
Automakers wasting resources duplicating development efforts, certification and crash tests to ensure that the vehicles meet the different regulatory standards in the EU and the US, Daimler, Dieter Zetsche, CEO said.
Therefore, it is logical to recognize each other's rules and go ahead TTIP is a unique opportunity to better integrate markets on both sides of the Atlantic, Zetsche said during an industry conference in Berlin .
Zetsche and Reithofer said a large proportion of German jobs depend on maintaining and improving sales in markets outside of Europe Lowering trade barriers contributes to preserve jobs in Germany, they argued.
The new campaign to open markets, however, met with skepticism powerful union representatives from Germany who warned on Tuesday that they would back TTIP under certain conditions, seeking to maintain the protection of labor rights.
Powerful union IG Metall of Germany said key clauses of TTIP are unacceptable to them - in particular, the mechanism is called the resolution of disputes between investors ISDS State which allows companies to sue governments for loss of income if they choose to ban a product.
Zetsche and Matthias Wissmann who heads the Association of the German Automotive Industry VDA said they are willing to discuss how the investor protection system can be improved, including a higher level of transparency in the arbitration process dispute and potentially improve further right of appeal.
The European Commission, which manages the commercial policy of the 28 EU countries, has frozen negotiations with Washington on the issue and ISDS must restart them to gain an agreement with the United States, which wants strong investor protection 1 0 euro 8809 reporting by Edward Taylor; editing by Keith Weir.
Leaders of the automotive industry are pushing for lower tariffs between the EU Reuters US, Industry leaders, lobby.