Latest trade figures show that the trade imbalance persists, #US had a $6.67 billion goods trade deficit with Japan. So the tariff reductions under a bilateral trade pact will be kept to levels set by the Trans-Pacific Partnership.
Alleged barriers from Brazil, Canada, China, European Union, Japan, Mexico and Korea.
Japan and the United States agreed to focus mainly on tariffs on goods such as agricultural and industrial products.
US Trade Representative Robert Lighthizer and Japan’s Economy Minister Toshimitsu Motegi are set to embark on two days of talks in Washington.
China expressed the hope for smooth progress of negotiations on Free Trade Zone with Japan and Republic of Korea (ROK).
US wants bigger compromise from Japan on tariffs for American farm goods than the two countries had agreed on for the Trans-Pacific Partnership.
Tokyo has argued for a more limited "trade agreement on goods," while the Trump administration says it ultimately wants a comprehensive free trade agreement.
High on the agenda are rules for protecting intellectual-property rights.
Japan and the United States plan to launch bilateral trade talks on April 15 and 16 in Washington.
While the United States desires a free trade agreement that would cover a range of areas such as goods, services, investment and currency, Japan is insisting the two governments aim for a trade deal on goods only.
US President said will push for a free trade agreement with Japan as he signaled willingness to seek a further opening of the country’s agriculture market.
Japanese imports of beef are nearing the point of triggering an automatic tariff increase, which would affect only the US, a nonmember of the TPP-11.
Chinese Premier Li Keqiang urged Japan and South Korea to speed up free-trade agreement (FTA) talks as the three parties mark the 20th anniversary of the launch of the China-Japan-South Korea cooperation mechanism this year.
U.S. Trade Representative will prioritize the agriculture sector once the two countries start negotiations.
President Trump’s top trade negotiator raised doubts that a trade agreement with China was within reach, while also aiming to negotiate trade deals with Europe and Japan.
The ASEAN and Japan signed the first protocol to amend the Asean-Japan Comprehensive Economic Partnership agreement.
Former Japanese minister Yamada joined forces with 150 lawyers that have challenged as unconstitutional both the TPP agreement and the government’s decision to abolish the seed protection law.
Japan aims to sign an economic partnership agreement with Turkey in June, as Tokyo’s tariff-reducing deal with the European Union.
Ministers from Asia’s leading economies renew their pursuit of a sweeping regional trade deal as an easing of tensions between the U.S. and China gives momentum to multilateral negotiations.
The United States and Japan will likely launch trade talks in March, U.S. Trade Representative Robert Lighthizer said, suggesting the dialogue would begin earlier than had been anticipated.