US, Japan Accelerate Bilateral Trade Engagement - Global Trade Magazine
  September 4th, 2017 | Written by

US, Japan Accelerate Bilateral Trade Engagement

[shareaholic app="share_buttons" id="13106399"]

Sharelines

  • Japan recently imposed tariff increases on exports of frozen US beef.
  • US and Japan discussed cooperation on combating unfair trade practices by third countries.
  • US and Japan discussed priorities under the US-Japan Economic Dialogue.

US Trade Representative Robert Lighthizer met with Japanese Foreign Minister Taro Kono for wide-ranging discussions on strengthening and advancing bilateral trade and economic relations.

They discussed work plans to promote the trade agenda under the US-Japan Economic Dialogue, co-chaired by Vice President Mike Pence and Deputy Prime Minister Taro Aso, and agreed on accelerating discussions to address specific bilateral trade issues as well as to explore approaches to strengthen free and fair trade and promote high trade and investment standards.

“Secretary Ross and I welcome the acceleration of discussions on trade with Japan that fulfills the administration’s objectives of advancing free and fair trade with one of our largest trading partners,” said Lighthizer. “We look forward to constructive and vigorous engagement with Japan across many issues to improve trade outcomes for American workers.”

Lighthizer and Kono also discussed US concerns related to Japan’s recent imposition of a safeguard measure that significantly increases tariffs on exports of frozen US beef. Additionally, they covered topics of common concern and cooperation related to combating unfair trade practices by third countries, which is another priority work area on trade under the US-Japan Economic Dialogue.

Both officials expressed commitment to an ongoing dialogue to ensure that outcomes on trade are sufficiently advancing and fulfilling the economic potential of the two countries’ strong alliance.