Trump Clarifies Aim for Comprehensive FTA with Japan
Washington, March 19 (Jiji Press)--The United States aims to conclude a comprehensive free trade agreement with Japan on areas including services, U.S. President Donald Trump said in a report submitted to Congress on Tuesday.
In the Economic Report of the President, Trump expressed his frustration over Japanese tariffs on beef and pork, suggesting that his administration will adopt a tough stance in its trade negotiations with Tokyo that are slated to be launched shortly.
Naming an envisaged pact with the United States as a trade agreement on goods, or TAG, the Japanese government has said that the upcoming negotiations will mainly target tariff issues.
By contrast, the U.S. government is eyeing a more comprehensive FTA with Japan that would also cover the services sector as well as foreign exchange issues.
Referring to his administration's intent to enter into FTA negotiations with Japan, the European Union and Britain, Trump said in the annual report, "These agreements could benefit the United States through reducing trade barriers in several areas, including agriculture, manufacturing and services."
[Copyright The Jiji Press, Ltd.]