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

Not so long ago, the 2018 Genesis G80 Sport made its debut at the 2016 LA Auto Show. But at that time, it did not have a price yet. And...
by - April 23, 2017
It seems like an increase in price has become a trend for automotive companies lately. Genesis isn’t alone when it comes to this. Subaru had just announced that the 2018...
by - April 23, 2017
Imagine a sports car morphing into an SUV. Chevrolet initially revealed the FNR Concept at the previous Shanghai Auto Show in 2015. For this year, Chevy once again graces the...
by - April 22, 2017
From the moment FCA kicked off with its 3-month-long ad campaign until the day it unveiled the new Dodge Challenger SRT Demon, folks have been guessing what the exact figures...
by - April 22, 2017
Some people may think Audi Sport is a new company but it is in fact the motorsport division of Audi combined with the best of what Quattro GmbH can offer....
by - April 21, 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