US Trade Representative Robert Lighthizer will hold talks with Japanese Economy Minister Toshimitsu Motegi in Tokyo today that will focus on a future bilateral free trade deal.
But as exports to the EU lag, shipments of pork and beef to Japan have spiked under the Comprehensive and Progressive Trans-Pacific Partnership.
Trump’s threat to raise tariffs 25% looms over the negotiations.
Taiwan government missed an opportunity to sign a FTA with Japan because failed to resolve the issue of the ban on food imports from Japanese regions hit by the 2011 Fukushima nuclear disaster.
US position would add pressure on Japan during trade talks
Economists had warned that the preferential tariff treatment the bloc enjoyed would threaten the market share of American producers
As President Trump prepares his push for a bilateral trade agreement with Japan, the path forward is complicated by at least three factors.
Japan’s Finance Minister Taro Aso pushed back against US efforts to link the yen with bilateral talks aimed at striking a trade deal.
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.