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USTR Lighthizer hails Japan's approval of trade agreements

07
Dec '19
Pic: Shutterstock
Pic: Shutterstock
US Trade Representative Robert Lighthizer has applauded Japanese Diet’s approval of limited US trade deals. “We expect the president to sign the implementing proclamation for the United States next week,” he said. The two countries are preparing for the US-Japan Trade Agreement and the US-Japan Digital Trade Agreement to go into effect on January 1, he said.

Lighthizer said the deal will benefit US farmers, ranchers and digital services providers, according to global newswires.

The deal improves Japanese access to US farm products like beef and pork while reducing some US tariffs on Japanese industrial products. It does not require approval by the US Congress.

The trade representative said the United States and Japan ‘will begin consultations early next year in order to enter into further negotiations on a broader trade agreement”.

Fibre2Fashion News Desk (DS)


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