Lower House Starts Deliberations on Japan-U.S. Trade Deal
Tokyo, Oct. 24 (Jiji Press)--The House of Representatives started deliberations on a recently signed Japan-U.S. trade deal at a plenary meeting Thursday, with both governments aiming to enforce the deal Jan. 1, 2020.
The Liberal Democratic Party-Komeito ruling coalition plans to pass the deal through the Lower House by early November, as the ongoing parliamentary session is set to end on Dec. 9.
Under a constitutional provision that gives the Lower House a superior position over the House of Councillors, the upper chamber of the Diet, the trade pact would automatically gain Diet approval 30 days after clearing the Lower House, with or without Upper House approval.
Under the bilateral deal, Japan has agreed to open its markets to U.S. farm goods to a degree that does not exceed the standards of the 11-country Trans-Pacific Partnership pact.
The United States will eliminate or reduce tariffs on a wide range of Japanese industrial goods, excluding automobiles and auto parts.
[Copyright The Jiji Press, Ltd.]