TPP-11 members agree to facilitate expanding membership

HAKONE, July 20 ― The 11 members of the Trans-Pacific Partnership (TPP) have agreed to facilitate expansion of membership, once the trade pact comes into effect, informed sources said. Before entering accession talks, countries wishing to join the TPP-11 must inform New Zealand, the depository of the TPP-11, of its intention. The original TPP members who completed ratification still have the veto power over new members, since accession talks requires agreement from them, the sources said. Senior trade officials met in Hakone, a lake resort near Tokyo, to discuss the procedure on how to add more members to the pact at a two-day meeting that ended July 19. They explored … Continue reading

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TPP-11 trade pact may come into force early 2019: sources

HAKONE, July 19 ― The Trans-Pacific Partnership (TPP) without the United States will likely come into force early next year, informed sources have said. The move may coincide with the timing of the Japan-EU free trade agreement to be expected to come into force. The deal with Japan is the EU’s largest trade deal ever and will create a trade zone covering nearly a third of global GDP. Senior trade officials of the TPP-11 gathered in Hakone, a lake resort near Tokyo, to discuss how to operate the trade pact as well as expansion of membership at a two-day meeting that started July 18. The TPP-11 will enter into force … Continue reading

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Japan releases text of trade deal with EU; 5-year review clause

TOKYO, July 19 ― Japan has published the text of the free trade deal with EU when both leaders signed the Japan-EU Economic Partnership Agreement (EPA) in Tokyo on July 17. Brussels had already released key elements of the trade deal one year earlier on the European Commission’s website, while Tokyo refused to disclose until signing the agreement. Compared with members of the Trans-Pacific Partnership (TPP), Japan apparently has given a better deal to the EU. For example, the EPA with the EU includes a review clause that provides for periodic review of the agreed tariff concessions after five years. The review clause mainly targets at Japanese sensitive products such … Continue reading

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Japan’s food exports rise in May for 3rd straight month

TOKYO, July 11 ― Japan’s food exports rose for the third consecutive month in May, with growing steadily to reach the nation’s target of 1 trillion yen in agricultural exports in 2019, official data has showed. Shipments of products such as agri-food, meat and seafood rose 22% to 70.2 billion yen in May, which was 12.5 billion yen higher in the same month a year earlier, according to the agriculture ministry. Combining January to May, the nation’s food exports rose 15% to 353.3 billion yen from the same period a year earlier. Japan has set a target of 1 annual trillion yen in agricultural exports in 2019, and it needs … Continue reading

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【Research】Present state of Japanese agriculture and future prospect for agricultural structure: Detailed picture seen in 2015 Agricultural Census

September 1st, 2017 Norinchukin Research Institute Co., Ltd. Basic Research Division SHIMIZU Tetsuro, Director-General Manager ■Abstract Agricultural structure policies of Japan have been implemented until today on the basis of a fundamental policy for developing “efficient and stable agriculture management”, which was announced in a long-term vision of agricultural policy for the 21st century, named the “New Direction of Food, Agricultural and Rural Policy” of 1992 as well as in the “Food, Agriculture and Rural Areas Basic Act” enacted in 1999. The purpose of this paper is not only to reveal real conditions of Japan’s agriculture primarily by referring to results of the 2015 Census of Agriculture and Forestry, but … Continue reading

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