THE US and Japan will enter negotiations for a United States-Japan Trade Agreement on goods and other key areas including services following the completion of 'necessary domestic procedures,' reports American Shipper
THE US and Japan will enter negotiations for a United States-Japan Trade Agreement on goods and other key areas including services following the completion of 'necessary domestic procedures,' reports American Shipper. The US will seek market access in the automotive sector designed to 'increase production and jobs' in US.
One example of the Japanese agreeing to expand Japan's market access for agricultural products can be found in the Trans-Pacific Partnership (TPP), which would have lowered Japanese tariffs on US beef exports, for example, from 38.5 per cent to nine per cent over 16 years.
The US and Japan will 'make efforts' for the 'early solution of other tariff-related issues,' the joint statement says. Steel and aluminum from Japan have been subject to US Section 232 global tariffs since March 23.
