Japan's Trade Minister Lauds Agreement With US
Japan’s trade minister said the recently signed U.S.-Japan trade agreement is “powerful” and lauded its reduced tariff measures, according to an unofficial translation of a transcript of a Sept. 27 press conference. “I think it was of great significance that…
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we broadly eliminated protectionist measures that would distort the global supply chain,” Minister of Economy, Trade and Industry Isshu Sugawara said. He said the agreement will take effect after it is reviewed by Japan’s “Legal Bureau” and approved by Japan’s legislature, echoing U.S. comments that the two sides plan to conduct more trade negotiations on a comprehensive agreement.