Vehicle parts makers in the US and Europe want open trading policies without import penalties and which reflect the global nature of the industry.
The American-based Motor & Equipment Manufacturers Association and the European Association of Automotive Suppliers want free and fair trade, access to raw and finished materials, and harmonized safety and environmental standards that will allow motor vehicle parts manufacturers to remain competitive in a global marketplace.
The statement is seen to underline the positive impact of international trade, in times of rising concerns about globalization and protectionism.
“Suppliers need open, free and fair trade for access to raw materials, finished components, and customers,” they said in a statement.
“Illegal regional or national subsidies on goods or production, restrictive non-tariff barriers to trade (including testing and marking requirements), and lack of participation in the world market limits both the domestic and global competitiveness of all suppliers.”
MEMA and CLEPA also call for trade policies that address trade distortions and preserve open markets while maintaining and improving existing agreements.