US-Japan trade agreement Cabinet decision on bill to be approved by parliament 9:47 on October 15
The government decided on a bill for approval of the Diet for a new trade agreement between Japan and the United States on the 15th. With the effect of January 1 next year in mind, the policy is to pass and approve within the current session of the extraordinary Diet.
The new trade agreement between Japan and the United States was held in Washington last week in the presence of President Trump, and in response to this, the government decided on a bill seeking approval of the treaty at the Cabinet meeting on the 15th. did.
Under the new agreement, Japan will respond to the opening of agricultural products such as beef and pork to the extent that it does not exceed the level of the TPP = Pacific Partnership Agreement. Currently, the 38.5% tariff on beef is finally reduced to 9%. Will be.
On the other hand, based on the agreement between the leaders that the United States will not trigger additional tariffs on Japanese cars during the implementation of the agreement, the handling of cars and related parts that Japan is seeking to eliminate tariffs will continue to be discussed, etc. It is included.
The government says that the new agreement will benefit both the United States and Japan, and that the United States will aim for the January 1st coming into effect next year and will pass approval and approval of the proposal during the current session of the extraordinary Diet. It is a policy.
The government has also decided on a proposal to approve the Japan-US Digital Trade Agreement, which establishes rules for commerce using the Internet.