Editor's Note: The following is a statement on the Trans-Pacific Partnership (TPP) from Ziad Ojakli, Group Vice President for Government and Community Relations:
WASHINGTON, DC, October 5, 2015 – “As a top U.S. exporter, Ford supports free trade agreements that result in real market openings and a level playing field for all to compete.
“Within the U.S. Congress, there is bipartisan consensus that currency manipulation needs to be meaningfully addressed. This summer, U.S. lawmakers took unprecedented action to set a clear negotiating objective for addressing currency manipulation in all future trade deals. The TPP fails to meet that test.
“To ensure the future competitiveness of American manufacturing, we recommend Congress not approve TPP in its current form, and ask the Administration to renegotiate TPP and incorporate strong and enforceable currency rules. This step is critical to achieving free trade in the 21st century."