Japan and the United States kick off a new round of trade negotiations on Monday, aiming to strike a two-way agreement. Japan wants to limit the scope of the talks, but the US seeks a wide-ranging deal.
Japan’s minister in charge of the negotiations, Toshimitsu Motegi, meets US Trade Representative Robert Lighthizer in Washington for the first round.
Japanese officials want to confirm that the talks will focus on trade in goods.
Japanese officials want to limit negotiations on services and other areas not related to goods, to reach a deal quickly.
US President Donald Trump said in his economic report last month he wants free-trade deals covering a wide range of areas.
Japan’s Motegi has said the talks will likely touch on duties on products considered critical by both sides. Japanese officials are bracing for tough demands from the US on farm goods and autos.Source
Are you enjoying the article? Join our community for even more!