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U.S.-Japan Trade Agreement Closer


During the past week U.S. Trade Representative Robert Lighthizer met with his counterpart in Japan, Toshimitsu Motegi, Economic Revitalization Minister.  Agricultural exports to Japan were the major focus of the agreement which is also dependent on resolution of outstanding issues relating to automobile exports.


According to the August 5 MondayLine issued by USAPEEC, Lighthizer has informed Congress that an early outcome from negotiations is anticipated.


In 2017 the U.S. unilaterally withdrew from the 12-nation Trans-Pacific Partnership.  This agreement would have lifted tariffs on U.S. agricultural products.  Shortly thereafter the remaining eleven nations subscribe to the Comprehensive and Progressive Agreement on Trans-Pacific Partnership placing the U.S. at a disadvantage with respect to members of the pact who are able to export duty free to Japan.