Hokkaido, Japan's largest breadbasket prefecture, says its production of agricultural, forestry and fishery products will be halved to 524.1 billion yen if the country joins the Trans-Pacific Partnership (TPP) free trade talks and all relevant tariffs are lifted.
For US companies with export interests, Japan’s participation in the TPP could mean improved access to one of the world’s largest economies for US goods, services and investments including in agriculture, insurance, medical devices, autos and pharmaceuticals.
Japan and the European Union will hold a summit next week at which they are expected to formally launch negotiations on a huge free trade deal, officials said on Friday.
Japan’s bid to join the Trans-Pacific Partnership trade negotiations may make it easier for it to import liquefied natural gas from the United States, a prospect that is raising the hackles of environmental groups.
Prime Minister Shinzo Abe may sacrifice barriers protecting Japan’s beef and wheat farmers as he joins the Trans-Pacific Partnership trade talks, said a former government adviser on farm policy.
Japan will announce its participation in talks to forge a US-backed free trade deal on Friday, an official said, giving the pact much-needed economic clout, but possibly angering farmers at home.
Japan’s largest farm group rallied Tuesday in Tokyo to protest against the government’s entry into the U.S.-led Trans-Pacific Partnership (TPP) free trade talks.
Some 1,500 farmers in the northernmost Japan prefecture of Hokkaido held a mass rally on Monday against the country joining Trans-Pacific Partnership free trade negotiations.
Amid talk of a super, transatlantic free trade zone, the eurozone now has a new potential partner: Japan. But, in light of Tokyo’s slow progress on the Trans-Pacific Partnership (TPP), can the Abe government match competitor South Korea in inking a trade pact with Brussels?