Category Archives: TPP and FTA

【News】 Shinzo Abe and Donald Trump agree to open two-way talks probably this summer at Japan-U.S. summit meeting (Feb. 12, 2017)

Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump agreed in their first official meeting held at Washington, D.C. on February 11 to newly set up a bilateral framework of “an economic dialogue” to discuss trade, investment and other related issues in order to strengthen economic ties between the two countries. The two-way framework of “an economic dialogue” was proposed by Prime Minister Abe, which will be led by Japanese Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence. A list of major agendas at the bilateral economic dialogue is expected to include macro-economic policy including financial and monetary affairs, cooperation in infrastructure and energy projects, and … Continue reading

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【News】 Shinzo Abe’s administration to replace its current TPP Governmental Headquarters with new inter-ministerial organization for trade negotiations (Jan. 26, 2017)

Koichi Hagiuda, Deputy Chief Cabinet Secretary of the Japanese Government, told the press on January 25 that the Government plans to set up a new inter-ministerial organization by modifying the current system of the Governmental Headquarters for the Trans-Pacific Partnership (TPP), saying “Japan has completed domestic procedures for the TPP. We have to take various measures to promote other networks for free trade.” The cross-ministerial agency will take charge of major trade negotiations during years to come, including ongoing talks with the European Union (EU) to conclude an Economic Partnership Agreement (EPA) as early as possible. It is also supposed that an establishment of the new organization will aim at … Continue reading

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【News】 President Donald Trump makes America permanently withdraw from TPP, criticizing Japan’s “unfair” practices on auto imports and exports (Jan. 25, 2017)

U.S. President Donald Trump signed an executive order to permanently pull the United States out of the Trans-Pacific Partnership (TPP) on January 23, aiming at pursuing bilateral free trade opportunities with U.S. allies around the world. The U.S. new administration does not have any plan to renegotiate the TPP free trade pact. The TPP free trade agreement does not come into effect without U.S. engagement in this regional trade deals. U.S. President’s order announced on January 23 made it perfectly impossible to foresee when the TPP trade pact will take effect. On January 23, U.S. President Trump touched upon Japanese engagement in unfair practices on automobile trades, sending a clear … Continue reading

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【News】 U.S. President Trump starts his “America first” trade policy by signing order to pull out of TPP (Jan. 26, 2017)

The 45th President of the United States Donald Trump, 70, made an official announcement that his administration ends U.S.’s participation in the Trans-Pacific Partnership (TPP), immediately after he took office on January 20. The TPP free trade pack will not come into effect if the U.S. is not a part of it. U.S.’s withdrawal from the Partnership has made it decisive for the TPP to be getting further adrift during years to come. U.S. President Trump delivered an inaugural address, repeatedly promising “America first.” The presidential inauguration speech served to signal that Trump will begin fulfilling his campaign promises such as a protective trade policy. It becomes more of a … Continue reading

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【News】 Wood industry’s concerns grow over an increase in imports of laminated wood under Japan-EU EPA (Jan. 25, 2017)

Stakeholders of the Japanese forest industry including local wood manufacturers are growing their concerns about negotiations between Japan and the European Union (EU) on their Economic Partnership Agreement (EPA). Japan has been importing lots of lumber and laminated wood products from member countries of EU. If the Japanese government agrees on elimination of import tariffs on the wood products as did for the Trans-Pacific Partnership free trade pact, an increase in imports of EU’s wood products will place a heavy stress on domestic related industries by reducing demands for local products. Negotiators of the Japanese government will supposedly make a concession to their counterparts of EU on trade liberalization at … Continue reading

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