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US trade talks not a prelude to FTA, says Japan's deputy chief cabinet secretary

Trump wants a two-way trade pact but Japan is wary of FTA talks as they would increase pressure to open sensitive markets such as agriculture. 


Reuters Last Updated at 01 Aug 2018, 10:08 IST Japan, United States

Talks next week between Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer are not a prelude to a two-way free trade agreement (FTA), Japanese Deputy Chief Cabinet Secretary Yasutoshi Nishimura said on Wednesday.

Nishimura also told Reuters in an interview that Japan did not intend to set numerical targets on Japanese exports or imports as a way to reduce trade friction.

The Aug. 9 talks in Washington come as U.S. President Donald Trump's administration explores raising tariffs on foreign auto imports including those from Japan. Trump wants a two-way trade pact but Japan is wary of FTA talks as they would increase pressure to open sensitive markets such as agriculture.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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