Mexican Media Brands
U.S. May Clear Japan to Join Trans-Pacific Trade Talks
Japan and the U.S have reached a framework agreement that removes a major obstacle to Japan's participation in the Trans-Pacific Partnership free trade talks, according to Japanese press reports.
#economics
Share
Japan and the U.S have reached a framework agreement that removes a major obstacle to Japan's participation in the Trans-Pacific Partnership free trade talks, according to Japanese press reports.
The countries are expected to announce on Friday that the U.S. will maintain its tariffs of 2.5% and 25% on Japan-made cars and trucks, respectively. In exchange, American negotiators have agreed to review the touchy issue of Japan's duties on agricultural imports from the U.S.
If a deal has been reached, President Barack Obama will need to obtain Congressional approval to let Japan join the negotiations.
Japan needs the approval of all 11 countries taking part in the TPP negotiations. Seven have already agreed, but Japan still needs the support of Australia, Canada and New Zealand.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data