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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

U.S. to Initiate Bilateral Trade Talks with Japan

04/09/2019

The first round of trade talks with Japan will take place on April 15th and 16th in Washington, D.C.  The preliminary discussion will determine the scope of future negotiations.  President Trump and Prime Minister Shinzo Abe may meet in late April subject to progress.

 

At issue is the negative trade balance between Japan and the U.S. It is noted that the U.S. withdrew unilaterally from the Trans-Pacific Partnership in 2009 leading to an 11-nation trade agreement (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP) that is currently functional.  Japan also negotiated a trade pact with the E.U. further distancing the U.S. and complicating negotiations.

 

Over and above concerns including trade imbalance the U.S. intendeds to negotiate aspects of trade services and investment.  In contrast Tokyo will place emphasis on tariffs and goods and protection of their agricultural sector.  The CPTPP that includes Australia, New Zealand, Canada, Chile, Japan, Mexico, Vietnam, Malaysia and Peru (TTP-11) has placed U.S. farmers at a disadvantage given the unilateral withdrawal by the U.S. in 2017 from the TPP.


 
Copyright 2019 Simon M. Shane