WASHINGTON-Encouraging foreign enterprise and eliminating market restrictions are the key to the U.S.-Japan auto and auto parts trade agreement signed by both countries Aug. 23. Al Gaspar, Automotive Parts & Accessories Association president, called it a ``results-oriented deal'' that should open significant new sales opportunities for all U.S. auto aftermarket segments.
Although the agreement does not include tires, the National Tire Dealers & Retreaders Association is interested in it, according to Charles D. ``Tony'' Hylton, NTDRA communications director.
``Forty percent of the gross retail business of our members is in auto service,'' he said. ``Anything that happens to affect that segment is naturally of interest to us.''
The NTDRA will monitor the agreement closely, he said, adding it shouldn't have a negative effect on tire dealers. But if it does, the NTDRA stands ready to petition the U.S. Trade Representative.
The Japanese government has agreed to support an open, non-discriminatory distribution system for autos and auto parts.