Abe, Pence Agree to Boost Japan-U.S. Trade via Bilateral Talks
Tokyo, Nov. 13 (Jiji Press)--Japanese Prime Minister Shinzo Abe and U.S. Vice President Mike Pence agreed Tuesday to expand bilateral trade and investment for mutual benefit through new trade talks seen starting January.
According to the Japanese government, Abe and Pence confirmed that the United States will not impose additional tariffs on imports of Japanese vehicles while the trade talks are ongoing.
"We affirmed that Japan and the United States will work together to promote the economic development of a free and open Indo-Pacific region based on fair rules," Abe said at a joint press conference with Pence after their meeting at the prime minister's office in Tokyo.
But Pence expressed dissatisfaction at what the United States sees as persistent trade barriers in Japan, signaling Washington's tough approach to the trade talks with Tokyo.
Pence said, "The United States has had a trade imbalance with Japan for too long, and American products and services too often face barriers to compete fairly in Japanese markets."
[Copyright The Jiji Press, Ltd.]