Japan rejects US proposal for eliminating auto tariffs over 30 years

Article by Christian A., on April 15, 2014

Japan has rejected a proposal from the United States to eliminate its tariffs on Japanese light vehicles over 30 years, simply because the time period is unusually long, according to a report by Kyodo News. The proposal came up during bilateral trade discussion considered as critical for a broader regional pact, the Kyodo report said, citing sources privy with the matter.

Japan and the US are seeking a bilateral agreement – seen as a cornerstone of the Trans-Pacific Partnership -- before President Barack Obama visit the Asian nation on April 24-25. US Trade Representative Michael Froman and Japanese Economics Minister Akira Amari have concluded discussion, with both declaring that big gaps remain despite progress.

While US wants Japan to open its rice, beef and pork, dairy and sugar sectors, Japan wants a timetable on US promises to eliminate tariffs of 2.5 percent on imports of passenger cars and 25 percent on light trucks.

Japan wants Amari to take a trip to the US to hold another round of talks next week, according to Chief Cabinet Secretary Yoshihide Suga. The TPP framework is considered as vital part of Japanese Prime Minister Shinzo Abe's growth strategy. [source: JapanTimes]

Topics: japan

If you liked the article, share on:

Comments

Recommended

Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries