Abe Hopes for Continued "Win-Win" Japan-U.S. Trade Ties
New York, Sept. 25 (Jiji Press)--Japanese Prime Minister Shinzo Abe, in an address to the U.N. General Assembly in New York on Tuesday, expressed his hope that Japan and the United States will maintain their "win-win" trade relationship.
With U.S. President Donald Trump frustrated at the massive U.S. trade deficit with Japan, Abe listed concrete figures to demonstrate Japan's contribution to the U.S. economy. Japan's direct investment has created some 856,000 jobs in the United States and 3.77 million Japanese vehicles are manufactured annually in the United States, compared with 1.74 million units exported from Japan to the country, he said.
"This is a win-win situation at its finest. I intend for Japan and the United States to continue this kind of relationship between us," Abe said, speaking in Japanese.
His remark was apparently intended to urge Trump to shelve his country's planned additional import duties on automobiles.
Ahead of his talks with Trump on Wednesday, where trade issues are expected to be high on the agenda and Trump may increase pressure on Japan, Abe used his U.N. address to seek a better understanding of Japan's position.
[Copyright The Jiji Press, Ltd.]