Sunday, April 12, 2015

Japan, U.S. to resume TPP talks

http://the-japan-news.com/news/article/0002073136

During the talks, the two countries hope to reach draft agreements on the contentious areas of auto trade and farm tariffs so that their ministers in charge of the TPP can work out a political settlement before the April 28 summit in Washington between Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama.

Regarding agricultural issues, Japan wants to limit the proposed import quota for U.S.-grown rice to around 50,000 tons, while the United States is asking for more.

The two sides are also apart over rules of origin for automobile parts subject to tariff cuts and elimination.

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