Brussels, 28 November 2013 – The work of the European Automobile Manufacturers’ Association (ACEA) and in particular its cooperation with its US counterpart on the Transatlantic Trade and Investment Partnership (TTIP) has been recognised this week.
The 'Automotive All Stars' award for Government Affairs was conferred by influential auto-industry news outlet Automotive World to Ivan Hodac and Matt Blunt. Mr Hodac, who was Secretary General of ACEA from 2001 until October 2013, was instrumental in pushing through cooperation on the trade deal.
He worked closely with Mr Blunt, who is President of the American Automotive Policy Council (AAPC), to foster close collaboration between the industry on both sides of the Atlantic, for instance by submitting joint comments listing regulations that members of their respective associations felt could be aligned.
This is line with ACEA's commitment to promoting free trade deals that are fair and balanced. Exchange of automotive parts and whole vehicles accounts for a large portion of EU-US trade. A third of the estimated total potential rise in trade between the two economic poles associated with a successful TTIP negotiation would be expected to come from this sector.
Notes for editors ACEA members are BMW Group, DAF Trucks, Daimler, FIAT S.p.A., Ford of Europe, General Motors Europe, Hyundai Motor Europe, IVECO S.p.A., Jaguar Land Rover, PSA Peugeot Citroën, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, Volvo Group. More information can be found on www.acea.be.
Facts about the EU automobile industry
- Some 12.9 million people - or 5.3% of the EU employed population - work in the sector.
- The 3 million jobs in automotive manufacturing represent 10% of EU's manufacturing employment.
- Motor vehicles account for over €385 billion in tax contribution in the EU.
- The sector is also a key driver of knowledge and innovation, representing Europe's largest private contributor to R&D, with €32 billion invested annually.
- The automotive sector contributes positively to the EU trade balance with a €92 billion surplus, despite a total trade deficit for goods of €152.8 billion.