Japan US Trade Talks Scheduled for Next Week

October 12, 2017 Share Print 0

Japanese Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence are likely to be at odds next week over U.S. calls to launch negotiations for a bilateral free trade agreement, Japanese government officials said Wednesday.

A second round of the high-level economic dialogue, slated for Monday in Washington, comes as the United States is pushing Japan to further open its agriculture and automobile markets as part of an effort to reduce the U.S. trade deficit with the world’s third-largest economy.

Despite differing views on a Japan-U.S. FTA, Aso and Pence are expected to discuss areas for economic cooperation such as Japanese participation in infrastructure projects in the United States, U.S. exports of energy such as liquid natural gas to Japan and promoting high-standard trade rules in the Asia-Pacific region, according to the officials.

The dialogue, which follows the inaugural session in April in Tokyo, will pave the way for a planned trip by U.S. President Donald Trump to Japan and four other Asian countries in November.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.