U.S. and Japanese officials are working hard to reach agreement on a bilateral t...
WASHINGTON - U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to news on the deal in the near future.
Asked about progress in the bilateral trade talks, Koji Tomita, Japan’s sherpa to the Group of 20 industrialized countries , said, “When President Trump came to Japan at the end of May, he was talking about doing a deal as soon as possible. Our team is now working pretty hard, so we are looking forward to some news in the near future.”
Trump and Abe discussed trade in late May and then again in Osaka, Japan, during a Group of 20 meeting last month, but no details of their talks were released.The source said the Trump administration was rushing to conclude a deal with Japan to use as leverage in its sputtering negotiations with China on.
Before Trump withdrew the United States in 2017, the TPP was set to become the world’s largest free trade deal, covering 40 percent of the global economy. A revival of TPP, even in modified form, would be bad news for China, which had been shut out of the pact.
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