The US and Japan agreed in principle to a trade agreement involving Japan's purchase of US agricultural products, the leaders of the two countries said Tuesday.

US President Donald Trump and Japanese Prime Minister Shinzo Abe made the statement after bilateral talks during the G7 summit in France, Bloomberg News and Reuters said.

The two leaders, however, did not disclose the details of the agreement.

After referring to the purchase of US corn from Japan, Trump said, "We agreed in principle."

Prime Minister Abe has also reached an agreement on key elements and said he aims to sign in late September, during the UN General Assembly in New York next month.

Only officials still have work to do, he added.

In this regard, Robert Wright-Heisers US Trade Representative (USTR) and Japan Motogi Doshimitsu (Minister of Economic Affairs) Japan's Minister of Economic and Renewal (Minister of Economic Affairs) said on Wednesday that after three days of trade negotiations in Washington, DC, US "There was," the news agency reported.

The US-Japan ministerial trade negotiations, which began in April, were virtually completed in seven rounds, with both sides recognizing the benefits of the Pacific Rim Partnership Agreement (TPP) in relation to Japan's tariffs on US agricultural products. It is known that the opinion was collected.

In addition, in the industrial sector, the tariff on automobiles, which Japan has demanded to eliminate while lowering or removing tariffs on various items, is known to be settled with the agreement pending.

The US Trade Representative, Robert Lightheimer, said the agreement opens more than $ 7 billion in commodity markets and includes agriculture, industrial interests and digital trade.

(Yonhap News, Photo = Getty Images Korea)