After more than a year, we talked about the trade agreements that the United States and Japan need to reach each other.

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 After more than a year, we talked about the trade agreements that the United States and Japan need to reach each other.


Preliminary consensus reached

At last Septembers summit meeting, Japan and the United States decided to start tariff negotiations and ministerial consultations in April this year. At present, the two countries have held seven rounds of ministerial trade consultations. The topics of the two sides include tariff rate of Japanese imports of American agricultural products, preferential treatment scope of the Trans-Pacific Partnership Agreement, automobile tariff and so on.

In August this year, Japan and the United States reached a framework agreement. According to Yonhap News Agency on August 25, Trump and Abe Jinsan held bilateral talks during the G-7 summit. Trump said that he had agreed in principle on the contents of trade agreements such as U.S. corn exports to Japan, the U.S. has agreed to the requirements put forward by Japan. Shinzo Abe also said that the two sides have reached a consensus on the core points.

Important progress will be made in the trade negotiations between Japan and the United States. The two sides are expected to sign trade agreements. According to the US Capitol Hill newspaper, Trump informed Congress on September 16 that he had reached a preliminary trade agreement with Japan. Initial trade agreements mainly focus on food trade between the two countries, including beef, wine, wheat, pork and dairy products. On September 17, Japanese Foreign Minister Mitsuki Maki predicted that a document containing the content that the US would not start imposing tariffs would be drawn up.

Japan and the United States each take what they need

Japans Daily News said Abe would take the opportunity to reshuffle his cabinet or speed up attaching importance to economic diplomacy. Before formal negotiations with the United States Government, the Japanese Government had entered into force the Trans-Pacific Partnership Agreement and the Economic Partnership Agreement with the European Union. Zhou Yongsheng, a professor at the Institute of International Relations at the Institute of Foreign Affairs, said that one of the major foreign policies of the Abe administration since it came into power was to promote the signing of free trade agreements with other countries.

The signing of the trade agreement between Japan and the United States conforms to the Abe governments policy of attaching importance to economic diplomacy. The Abe governments general idea of expanding economic diplomacy and further promoting the signing of free trade agreements remains unchanged. The economic and trade negotiations between Japan and the United States are actually an important part of the Abe administrations push for a free trade agreement with the United States, Zhou Yongsheng said.

Kyodo said Trump urgently needed trade achievements. At present, trade negotiations between the United States and the European Union are progressing slowly, and the entry into force time of new agreements with Mexico and Canada is unknown. For Trump, trade agreements with Japan are very important, said Solis, a senior fellow at the Brookings Institution.

Japan has made more concessions

However, Japan remains vigilant against the unilateral demands of the United States in trade negotiations. Zhou Yongsheng said that the Trump government needs to further open up the Japanese market if it wants to eliminate Japans trade surplus through the new trade agreement between Japan and the United States. Abe was passively recruited, especially in the service market, agriculture, tariffs and other fields, and made every effort to resist.

(function () {(window. slotbydup = window. slotbydup | []). push ({id:6374560, container:ssp_6374560, size:300,250, display:inlay-fix, async: true});} (); Japan and the United States have made concessions in the negotiation process, and Japans compromise is more obvious. According to Kyodo News Agency on September 20, Japans tariffs on automotive parts, steel and aluminium exported to the United States are not expected to be lifted, and other industrial products such as chemical products will be the object of tariff cancellation or reduction. For Japan, auto parts and components are the second largest major export product to the United States, and the interest of Japan will be greatly harmed if export tariffs are not abolished. Zhou Yongsheng pointed out that Japan was unable to confront with the United States. If it did not accept the main demands of the United States, the United States would impose economic and trade sanctions on Japan, which Japan tried to avoid. However, it is certain that through the trade agreement, the economic and trade relations between Japan and the United States will be closer, and the process of economic integration between Japan and the United States will be further deepened. Source: Overseas Network Responsible Editor: Liu Yuxin_NBJS7825

Japan and the United States have made concessions in the negotiation process, and Japans compromise is more obvious. According to Kyodo News Agency on September 20, Japans tariffs on automotive parts, steel and aluminium exported to the United States are not expected to be lifted, and other industrial products such as chemical products will be the object of tariff cancellation or reduction. For Japan, auto parts and components are the second largest major export product to the United States, and the interest of Japan will be greatly harmed if export tariffs are not abolished.

Zhou Yongsheng pointed out that Japan was unable to confront with the United States. If it did not accept the main demands of the United States, the United States would impose economic and trade sanctions on Japan, which Japan tried to avoid. However, it is certain that through the trade agreement, the economic and trade relations between Japan and the United States will be closer, and the process of economic integration between Japan and the United States will be further deepened.