The governments of Japan and China stressed the importance of free trade and pledged to accelerate negotiations of bilateral pacts at their high-level economic dialogue in Tokyo on Monday, the first such meeting in eight years.
The US is making a tougher push for Japan to begin talks on a bilateral free trade agreement, exploring demands on foreign exchange policy and exports, as Prime Minister Shinzo Abe prepares to visit the country this week.
Japan and the European Union are slated to affix the final signatures on a wide-ranging free trade pact in mid-July in Brussels, according to sources on both sides familiar with the talks.
Japan may soon manage something that the European Union has not yet done in South America, as negotiations to become an economic partner with the Mercosur trading block push ahead.
Japan is willing to host a chief negotiators’ meeting of the newly signed 11-member Trans-Pacific Partnership free trade pact in June or July, a minister in charge of the pact said.
The Finance Ministry of Ghana is leading a business delegation to Japan, expecting to boost bilateral trade and economic relations with Japan and to conclude the Ghana Japan Bilateral Investment Treaty.
USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney has been to India twice, each time highlighting the opportunities to improve the trading relationship between the two countries.
India has joined hands with Japan and United States to build infrastructure for promoting connectivity in Indo-Pacific region, ostensibly to counter the Belt and Road initiative of China.
Donald Trump’s erratic posture on trade is forcing Japanese policymakers to rethink their reliance on the economic and political alliance with the United States, according to a former high-level diplomat from the Office of the US Trade Representative.
Japan will have little choice but to enter into a bilateral trade deal with the United States similar to one President Donald Trump clinched with South Korea, a former top Japanese currency diplomat said.
Japanese Deputy Prime Minister Taro Aso ruled out the chance of opening up talks for a bilateral trade deal with the United States, stressing that such a deal would do no good to his country.
South Korea, China and Japan held a new round of trade talks on Friday in Seoul in the latest push to work out differences for a free trade deal amid rising trade protectionism.
Trade representatives suggests Washington wants to start talks after Tokyo finalizes TPP.
Japan-EU deal adds urgency; Ankara plans ’countermeasures’ against US tariffs
As Canada, Japan and nine other countries prepare to sign the rebooted Trans-Pacific Partnership this week in Chile, some see it as a way to set the stage for closer relations with China.
The Japanese government on Tuesday approved the signing of the Trans-Pacific Partnership free trade pact without the United States. Ministers from 11 participating countries are scheduled to gather in Chile on Thursday to sign the deal, paving the way for it to take effect in early 2019. Japan’s TPP minister Toshimitsu Motegi is expected to attend the signing ceremony.
Ministers from 16 East Asian countries negotiating the Regional Comprehensive Economic Partnership made progress at a meeting in Singapore Saturday but many gaps remain.
The Japanese government is still hoping for a multilateral Asia Pacific order that includes the United States. Japanese Deputy Prime Minister Taro Aso confided to US Vice President Mike Pence in early February that Japan encourages a US return to the TPP.
In 2018, the Trump administration will continue efforts to build stronger, better and fairer trading relationships with Japan, Vietnam, Malaysia, New Zealand and Brunei.
It is possible to effectively integrate the Paris Agreement into new trade deals, including CETA and the upcoming JEFTA with Japan.