Japan has not narrowed trade differences with U.S.

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Acting Deputy U.S. Trade Representative Wendy Cutler (L) shakes hands with Japan's deputy chief negotiator Hiroshi Oe ahead of their meeting for the Trans-Pacific Partnership (TPP) free trade negotiation at the Foreign Ministry in Tokyo April 22, 2014. Credit: Reuters/Shizuo Kambayashi/Pool Japanese officials said on Tuesday there was still a significant way to go before reaching a broad agreement on trade with the United States, a day before President Barack Obama visits for a summit.

A U.S.-Japan agreement is critical to the U.S.-led Trans-Pacific Partnership (TPP), a 12-nation grouping that would stretch from Asia to Latin America. A TPP deal is central to Obama's policy of expanding the U.S. presence in Asia.

Japanese Prime Minister Shinzo Abe has also touted the TPP as a main element of his economic strategy to increase growth and shake off years of stagnation.

As the talks dragged on over recent days, officials from both sides played down the chance of reaching an agreement before Obama's visit. But the longer the standoff goes on, the more doubt could grow about prospects for the trade pact.

"We still have a lot of issues left to discuss," Japan's Deputy Chief Negotiator Hiroshi Oe told reporters.

"In these circumstances, I cannot say that we have narrowed our differences."

Oe spoke after talks with U.S. Acting Deputy Trade Representative Wendy Cutler in Tokyo about trade terms for the TPP.

Breaking a U.S.-Japan deadlock over access to Japan's farm and auto markets is seen as key to finalizing the TPP.

The United States wants Japan to open its rice, beef and pork, dairy, and sugar markets - politically powerful sectors that Abe has vowed to defend. Japan wants a timetable on U.S. promises to drop tariffs of 2.5 percent on imports of passenger cars and 25 percent on light trucks.

Gaps remain over the size of cuts in tariffs on beef and pork as well, Japanese media have reported.

Japanese Economics Minister Akira Amari also acknowledged that the many hours of negotiations had not narrowed the gap with the United States.

The two countries will likely announce a strong bond at a summit between Abe and Obama this week, Amari said. Obama is scheduled to be in Tokyo until Friday.

A final deal, however, could be much further off.

TPP negotiators are due to reconvene in Vietnam in mid-May and trade ministers will meet at an Asia-Pacific Economic Cooperation gathering in China that month.

 


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Ports and River Receiving Systems

Material handling equipment for deep-water seaports and river terminals requires special design and construction to optimize speed, reliability and ensure ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form