MEMA Industry News Editor’s Note: Japan is an important trading partner for U.S. motor vehicle parts manufacturers, and MEMA has supported a potential U.S.-Japan agreement. For more information please contact Ann Wilson or Leigh Merino.
TOKYO (Reuters) - Japanese Foreign Minister Toshimitsu Motegi said Japan and the United States will sign a trade agreement on Monday in Washington, and that Tokyo aimed to bring it into force as soon as possible.
“If the United States wants to begin the trade agreement from Jan 1, Japan has no objection,” Motegi told reporters in Tokyo.
U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed a limited trade deal last month that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties