The United States has urged Japan to take action that would go beyond a Diet resolution seeking to maintain tariffs in five key agricultural product categories including beef and pork, a Japanese negotiator said Wednesday.
After a bilateral working-level meeting on a proposed Trans-Pacific Partnership agreement, Japanese and U.S. representatives said that they have made some progress in the talks since Friday.
But tough negotiations will follow, because Washington has asked Japan to act beyond the Diet resolution, Japanese deputy chief TPP negotiator Hiroshi Oe told a news conference.
As well as Oe, Japanese ambassador for economic diplomacy Takeo Mori attended the working-level talks. U.S. participants included Acting Deputy U.S. Trade Representative Wendy Cutler.
The two sides tried to achieve a breakthrough on thorny issues such as Japan’s market-opening measures for agricultural products and bilateral automobile trade ahead of a ministerial meeting for all 12 states in the TPP negotiations in Sydney later this month.
At the news conference, Oe said the bilateral talks produced solid results. But a tug-of-war is continuing because Japan cannot accept the U.S. request for going beyond the Diet resolution, he said.
The two countries are expected to hold more discussions at the working level.
According to informed sources, the United States asked Japan to eliminate import tariffs on part of dairy products, one of the five key categories.
Even for key items that Washington has broadly agreed to let Japan keep tariffs, such as beef, U.S. negotiators are seeking sharp tariff cuts.Speech
via Japan News
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.