Category Archives: Trade Talks

【Opinion】The globalization myth debunked (Dec. 6, 2016)

[By Hidehiro Kikuchi, President of the Japan Monetary and Financial Policy Research Institute] On June 23, the British voters who supported the nation leaving the European Union won in the referendum, and on Nov. 28, the world was shocked to see Republican candidate Donald Trump win in the U.S. presidential election. As a matter of fact, I was expecting both of the results. I won bets with many of my friends and they treated me to lunch. In both countries, which were the first to adopt globalization and neoliberalism – policies that only works for the rich – the state is weakened by ballooning debt and is divided because of … Continue reading

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【News】 Japan-EU EPA negotiations to focus on import tariff cuts for European cheese and pork (Dec. 15, 2016)

The Japanese government confirmed its decision that it would liberalize a part of agricultural trade in negotiations over the Japan-EU Economic Partnership Agreement or EPA by reducing import tariffs of farm products down to the similar level agreed in the Trans-Pacific Partnership (TPP) free trade pact. It is suspected that import tariff cuts exceeding the level of the TPP agreement will be considered for some products. EU’s negotiators are demanding the Japanese counterparts to liberalize imports of cheese and pork more than the level of the TPP free trade deal. According to sources near to the negotiators, the Japanese government will consider how to make a compromise in the agricultural … Continue reading

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【Opinion】The end of global capitalism has begun (Nov. 28, 2016)

[By Tatsuru Uchida, Philosopher and Martial artist] U.S. president-elect Donald Trump has announced his intention to withdraw from the Trans-Pacific Partnership trade deal on his first day in office. Although the TPP framework was a policy led by the United States, all of the major candidates in the presidential election expressed opposition to the deal in their campaign pledges. Meanwhile in Japan, the Liberal Democratic Party had been clearly against the TPP framework in the 2012 general election, but made a complete turnaround after the election to eagerly promote the framework. Policy shifts in Japan and the U.S. What do the policy shifts in Japan and the U.S. represent? If … Continue reading

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【News】 Japan’s Diet ratifies TPP trade pact without any prospect for enforcement: U.S. likely to quit TPP next January (Dec. 10, 2016)

Japan’s House of Councilors ratified the Trans-Pacific Partnership (TPP) free trade pact and approved its related legislation on December 9, after the Upper House’s TPP Special Committee approved the TPP trade deal and related bills on the same day, where the ruling camp supported the TPP agreement to overcome resistance from the opposition parties. Meanwhile the TPP pact has considerably dim prospects of taking effect, since the United States President-elect Donald Trump has repeatedly said he will withdraw his government from the pact. On the other hand, there still remain concerns that U.S. government will force TPP member countries to reopen the negotiations, or talks on Japan-U.S. free trade agreement … Continue reading

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【Opinion】 Experts in South Korea call for policy shift away from globalization and TPP (Nov. 30, 2016)

[By Zhezhu Jin, The Japan Agricultural News Staff Writer] South Korea’s President Park Geun-hye on Nov. 29 expressed her intention to resign, as hundreds of thousands of people joined huge street rallies across the country demanding that she leave office. What was at the root of the swelling protests was the people’s anger towards the Park administration which failed to take effective measures to cope with growing wealth inequality and unemployment among young people. Farmers are strongly criticizing the unprecedentedly low prices of rice. It appears that the worldwide anti-globalization movement which is seen in Great Britain and the United States has spread to South Korea. The Japan Agricultural News … Continue reading

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