Japan plans to abolish tariffs on up to 85 percent of items in trade with potential partners in the Trans-Pacific Partnership agreement, but politically sensitive agriculture products are not included, sources said Aug. 18.
Trade minister Toshimitsu Motegi and US Trade Representative Michael Froman agreed Sunday to work together toward concluding the Trans-Pacific Partnership talks by the end of the year.
This Backgrounder outlines the agreement’s assault on democracy and food sovereignty and examines the TPP’s likely impacts on food and agriculture in Japan, the latest country to join negotiations.
The latest round of talks with Japan and China for a three-way free trade agreement (FTA) ended Friday after what South Korea called "constructive discussions."
South Korea's finance minister on Thursday called on the government to show leadership in negotiations with Japan and China for a three-way free trade agreement, noting the outcome of the negotiations may well determine the country's status in Northeast Asia.
U.S. auto workers have started delivering to Washington petitions demanding trade concessions from Japan on the same day Japan formally announced it had joined in U.S.-led effort to create the multi-lateral Trans-Pacific Partnership (TPP), the largest free-trade agreement in history that would cover 40 percent of the global economy.
Following the recent launch of free trade negotiations between the United States and the European Union, there are now three mega-trade-and-investment liberalization blocs being shaped in various parts of the world.
The 18th round of the Trans-Pacific Partnership free trade negotiations began Monday in Malaysia as Japan prepares to make its debut near the end of the 11-day conference.
With upper house elections approaching, Japanese farmers are skeptical about the Liberal Democratic Party after Prime Minister Shinzo Abe announced his intention to join the Trans-Pacific Partnership negotiations.