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Japan Keen on TPP Talks Noda Tells Obama  Join our daily free Newsletter

MENAFN - Qatar News Agency - 21/11/2012

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(MENAFN - Qatar News Agency) Japanese Prime Minister Yoshihiko Noda has expressed his keenness on Japan's participation in the Trans-Pacific Partnership free trade talks during a summit with US President Barack Obama in Cambodia on Tuesday, Kyodo news agency said.

Japan's premier apparently aimed to accelerate talks with Washington on the trade framework before the next round of the TPP negotiations involving 11 countries, which will be held in December in New Zealand.

"We hope to speed up talks to overcome issues between Japan and the United States," toward Japan's entry into the U.S.-led TPP negotiations, Noda told reporters after meeting with Obama in Phnom Penh.

Noda's remarks came as some US industries oppose Japan's participation in the trade talks, with the automobile industry arguing Japanese regulations have barred foreign carmakers from penetrating the market and that the bilateral trade imbalance will widen if Japan joins the tariff-cutting framework.
There is lingering opposition to the trade issue in Japan.

During their meeting on the sidelines of a series of summits between the Association of Southeast Asian Nations and its dialogue partners, Noda and Obama exchanged views on maritime security in Asia, Japanese officials said.

 






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