Snapshots

Japan, U.S.: Industrial Giants Take the Slow Road to a Trade Deal

Apr 12, 2019 | 18:56 GMT

Progress on a trade pact between two of the world's largest economies might be just around the corner. On April 11, U.S. Agriculture Secretary Sonny Perdue told reporters that Washington was confident it could strike a "quick agreement" during trade talks with Japan that would focus on initial agriculture concessions by Tokyo. Indeed, Perdue especially noted the disadvantage that U.S. agricultural producers face in entering the Japanese market given that they are not part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Against such a backdrop, Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer will meet April 15-16 for trade talks....

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