Quantcast
Latest Stories

US says differences remain after Japan trade talks



Acting Deputy United States Trade Representative (USTR) Wendy Cutler answers questions during a press conference at the US Embassy on August 9, 2013. Cutler is in Tokyo for three days of talks with Japanese officials. AFP PHOTO/Toru YAMANAKA

TOKYO — US and Japanese officials wrapped up a round of talks aimed at reducing trade barriers Friday, but differences remained over autos, insurance and other industries.

“These concerns remain,” Acting Deputy US Trade Representative Wendy Cutler told reporters at the US Embassy in Tokyo. “The negotiations got off to a good start this week.”

The three-day talks were linked to the bigger Trans-Pacific Partnership negotiations, also held in Tokyo. Japan joined the US-led negotiations for the regional free trade pact involving 12 countries on July 23.

Cutler said the “lack of a level playing field” in Japan’s insurance industry is among the contentious issues, and the US believes that Japanese government-backed insurance services run by the post office are at an advantage over private and foreign companies.

Non-tariff barriers for US autos in Japan are another problem. Japanese cars are popular in the US, but American car sales are negligible in Japan.

Kyodo News quoted Takeo Mori, the head of the Japanese delegation, as saying both sides remained apart on various issues.

The talks for the regional trade agreement have set a year-end deadline to reach a deal.

Japanese Prime Minister Shinzo Abe is a proponent of the Pacific trade pact but resistance remains in some quarters, such as from farmers, while Toyota Motor Corp. and other Japanese automakers see it as a way to boost auto sales.

Abe is worried that Japan is falling behind the rest of Asia in forming free-trade deals, and has pushed forward with the regional negotiations despite risking domestic criticism.

Cutler said the talks will continue, but the date was not set.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Japan , Shinzo Abe , Trade , US , Wendy Cutler , world



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Man found dead in Quezon City, alleged victim of summary execution–report
  • Aquino to lead Air Force turnover rites
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Marketplace