U.S., Japan to hold first bilateral trade talks Aug 9
Reuters
Published Jul 31, 2018 05:25AM ET
U.S., Japan to hold first bilateral trade talks Aug 9
TOKYO (Reuters) - Japanese Economy Minister Toshimitsu Motegi said on Tuesday that the United States and Japan will hold their first bilateral trade talks in Washington on Aug. 9.
U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed in April to set up a new framework to discuss "free, fair and reciprocal" trade that will be led by U.S. Trade Representative Robert Lighthizer and Japanese Economy Minister Toshimitsu Motegi.
Motegi told reporters that he wanted to have "constructive talks" towards an expansion of free trade.
U.S. President Donald Trump's protectionist trade policies raised concerns about the global trade and economy and his threats to impose tariffs on U.S. imports of autos and auto parts raised criticism from home and abroad.
Japan's trade surplus with the U.S. may be a potential target for Trump's trade policies.
Motegi, who met UK Secretary of State for International Trade Liam Fox, on Tuesday also welcomed UK's trade minister's expressing the British government' interest in joining the Trans-Pacific Partnership (TPP) agreement among 11 nations.
"According to our calculations, the combined gross domestic product(GDP) of the TPP-11 and the UK will be totally the same with the GDP of the EU minus the UK. It's indeed going to be an engine of Japan's economic growth," Motegi told reporters.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.