FRANKFURT, Aug 29 (Reuters) - Washington must swiftly

honour an agreement with Brussels and cut tariffs on EU auto

imports to 15% from 27.5% as of August 1 after the EU started

the legislative process to remove duties on U.S. goods,

Germany's auto industry association VDA said.

"For the automotive industry, the current high additional

burdens mean considerable financial losses. Therefore, time is

of the essence in providing rapid relief for companies in this

area," VDA president Hildegard Mueller said on Friday.