Japan-U.S. Trade agreement
Concerning the new trade agreement between Japan and the United States, Foreign Minister Mogi is in a ministerial talk with Trade Representative Lightheiser in front of the summit meeting on the 26th. There has been a thorough adjustment over the final agreement and the agreement document that will be compiled by the leaders.
Last month, Japan's Foreign Minister Mogi over the Japan-U.S. Trade negotiations that reached a de facto framework agreement, before the summit held on the 26th of Japan time, from around 10:00 am Japan time in New York City We are in a ministerial meeting with the Lightheiser trade representative at the hotel.
Under the new trade agreement, the Japanese government will respond to the opening of the agricultural products market demanded by the United States to the extent that it does not exceed the level of the TPP = Trans-Pacific Partnership Agreement. In addition, the final adjustment for staple foods has been made, including the drastic reduction and elimination of the 70,000 tons of tariff-free import quota that Japan set in the United States at the time of TPP negotiations.
On the other hand, with regard to industrial goods, the handling of automobile tariffs that Japan is seeking to abolish is expected to continue discussions, and the Japanese government wants to confirm in writing that the United States will not invoke additional tariffs or quantity restrictions on Japanese cars .
The two governments have been aiming to sign the agreement at the summit meeting on the 26th, but since the work is not in time, the two leaders are making extensive adjustments in the direction of confirming the final agreement of the negotiation in writing .