Automakers like Daimler, BMW, Porsche and Volkswagen lobbying for U.S.-European Union trade deal
BERLIN—German automakers are throwing their support behind a new trade deal being negotiated between the European Union (EU) and the United States.
Representatives from major car manufacturers like Daimler AG, BMW AG, Porsche AG and Volkswagen AG lobbied for the deal at an event in Berlin this week.
Organizer Matthias Wissmann, of the German Association of the Automobile Industry, says Germany, as one of the world’s biggest exporters, “benefits from and lives, like virtually no other country, on globalization.”
Negotiations on the Transatlantic Trade and Investment Partnership (TTIP) started in 2013 but many Europeans remain skeptical over concerns about environmental protections, labour security and other issues.
Volkswagen CEO Martin Winterkorn called TTIP a “historic opportunity” that would allow Europe and the U.S. to set joint standards, “which will shape our world in the coming decades.”