U.S., Japan to rebuild trade ties with new forum, meetings

 

By David Lawder, Reuters†

November 17, 2021

 

WASHINGTON, Nov 17 (Reuters) - The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labor, environment and digital trade issues, with an emphasis on "third country concerns," a reference to China's state-driven economic policies.

 

U.S. Trade Representative Katherine Tai, who is in Tokyo to meet with new Japanese government ministers, said initial meetings of the U.S.-Japan Partnership on Trade would take place early in 2022, with periodic meetings on a regular basis.

 

"This partnership will deepen the cooperation between the United States and Japan that has defined our strong bilateral trade relationship," Tai said in a statement issued by her office in Washington.

 

"Our close collaboration will support the Biden-Harris Administrationís economic framework for the Indo-Pacific and help create sustainable, resilient, inclusive, and competitive trade policies that lift up our people and economies."

 

USTR's statement made no mention of the new forum as a body aimed at negotiating new trade agreements between the world's largest and third-largest economies.

 

Japanese Foreign Minister Yoshimasa Hayashi told Tai at the start of talks in Tokyo that the aim was to further deepen the Japan-U.S. alliance...

 

more, including links

https://www.reuters.com/world/us-japan-rebuild-trade-ties-with-new-forum-meetings-2021-11-17/