US, Japan Meet to Iron Out Automobile Trade
Differences
US
and Japanese trade officials met in Washington earlier this week in an effort
to resolve some of their outstanding issues related to automobile trade, with
just weeks until the next meeting of chief negotiators for the 12-country
Trans-Pacific Partnership (TPP) Agreement.
Differences between Japan and the US – the two biggest
economies in the TPP talks – on agricultural and automobile trade have been
cited as the largest stumbling blocks for clinching an overall 12-country deal.
The two sides have therefore held a series of bilateral
meetings on both topics over the past several months in an effort to reach a
mutually acceptable agreement.
Regarding automobiles, Washington is pressing Tokyo to open
its market to more imports, mainly through the removal of non-tariff barriers.
The two sides had agreed last year that bilateral discussions on the subject –
a long-standing sticking point between them – would be held in parallel to the
TPP talks, as one of Japan’s conditions for entry into the overall
negotiations.
On the agricultural front, Washington had until recently been
pushing for total tariff elimination, which Japan has said it cannot agree to
given the domestic sensitivities surrounding farm trade.
Following an April summit between US President Barack Obama
and Japanese Prime Minister Shinzo Abe, it appeared
that Washington would settle for tariff elimination “to the maximum extent
possible,” giving Tokyo some room to maintain limited protections for
particularly sensitive agricultural goods like beef, sugar, and dairy.
This prospect has rankled the highly
influential US farm lobby, which has repeatedly threatened to withhold its
support for the deal if tariffs are not eliminated as previously hoped.
American dairy farmers have similarly complained, with
members of the National Milk Producers Federation and the US Dairy Export
Council saying in a letter to the Office of the US Trade Representative (USTR)
and the US Department of Agriculture that it would be “unacceptable” for Japan
not to grant full access to this sector.
US
trade officials have said that they are working with Japan to achieve the
maximum possible access for American farm exports.