Japan: Upshot of TPP prep talks with U.S. to be aired

12/04/2013    77

Most viewed articles

Viet Nam’s Machinery and Equipment Industry: Trends, Key ...
Import and Export Tariff Schedule of Vietnam in 2023
Highlights of Vietnam in 28 years of joining ASEAN
AHKFTA facilitates trade, investment
Import and Export Tariff Schedule of Vietnam in 2022

The government is planning to announce Friday the results of its preliminary negotiations with the United States on Japan joining the Trans-Pacific Partnership trade talks, sources said Thursday.
With the two sides already in agreement on key issues, including auto tariffs, U.S. President Barack Obama is expected to seek congressional approval for Japan’s participation in the Pacific Rim free-trade talks. As Congress needs 90 days to give its approval, the earliest Japan could join the multilateral trade negotiations is expected to be July.
Japan expressed its commitment last month to join the talks and is waiting for approval by the 11 current members, of which Australia, Canada and New Zealand have yet to give the green light, while Peru, which expressed its support last year, is in the final stage of procedures to give its official consent.
During the preparatory talks with Washington, Japanese officials decided to allow the U.S. to retain its tariffs on vehicle imports from Japan. The U.S. at present imposes a 2.5 percent levy on Japanese automobile imports and a 25 percent tariff for trucks.
Opposition to the TPP in Japan, however, remains strong. On Wednesday, a group of university professors urged the government not to take part in the TPP negotiations, arguing it may not be able to protect the national interests.
The group submitted to Prime Minister Shinzo Abe, as well as farm minister Yoshimasa Hayashi, a petition against Japan’s participation in the talks signed by more than 800 members of the domestic academic community.
Satoshi Daigo, a professor emeritus at the University of Tokyo, and Keio University’s Masaru Kaneko said Japan’s planned participation in the TPP framework may not only harm farming but also alter the medical system and food safety standards.
April 11, 2013
Source: Japan Times

The government is planning to announce Friday the results of its preliminary negotiations with the United States on Japan joining the Trans-Pacific Partnership trade talks, sources said Thursday.

With the two sides already in agreement on key issues, including auto tariffs, U.S. President Barack Obama is expected to seek congressional approval for Japan’s participation in the Pacific Rim free-trade talks. As Congress needs 90 days to give its approval, the earliest Japan could join the multilateral trade negotiations is expected to be July.

Japan expressed its commitment last month to join the talks and is waiting for approval by the 11 current members, of which Australia, Canada and New Zealand have yet to give the green light, while Peru, which expressed its support last year, is in the final stage of procedures to give its official consent.

During the preparatory talks with Washington, Japanese officials decided to allow the U.S. to retain its tariffs on vehicle imports from Japan. The U.S. at present imposes a 2.5 percent levy on Japanese automobile imports and a 25 percent tariff for trucks.

Opposition to the TPP in Japan, however, remains strong. On Wednesday, a group of university professors urged the government not to take part in the TPP negotiations, arguing it may not be able to protect the national interests.

The group submitted to Prime Minister Shinzo Abe, as well as farm minister Yoshimasa Hayashi, a petition against Japan’s participation in the talks signed by more than 800 members of the domestic academic community.

Satoshi Daigo, a professor emeritus at the University of Tokyo, and Keio University’s Masaru Kaneko said Japan’s planned participation in the TPP framework may not only harm farming but also alter the medical system and food safety standards.

April 11, 2013

Source: Japan Times

More stories