Japan is the United States` fourth-largest goods trading partner, and the two countries concluded $217.6 billion in bilateral merchandise trade in 2018. In addition, U.S. agricultural exports to Japan totaled $13 billion in 2018, making Japan the third-largest agricultural export market and undersizing Japan`s importance to U.S. farmers. 10. U.S.-Japan Trade Agreement, Annex I: Japan`s Tariffs and Customs Provisions, I-B-5-1; ustr.gov/sites/default/files/files/agreements/japan/Annex_I_Tariffs_and_Tariff-Related_Provisions_of_Japan.pdf. Under President Trump`s leadership, the United States and Japan agreed on the early outcomes of negotiations on market access for selected agricultural and industrial products as well as digital trade. The United States looks forward to continuing negotiations with Japan for a comprehensive agreement on the remaining tariff and non-tariff barriers and to achieving fairer and more balanced trade. 6. EY Global Tax Alert, USTR, grants new exclusions for Lists 1, 2 and 3 for products originating in China; The United States and Japan agree on merchandise trade and digital trade on September 27, 2019. The U.S.-Japan trade deal is a breakthrough.

This is the president`s first trade deal with a major trading partner that, given that its limited scope does not require congressional approval, could soon take effect. 9. www.whitehouse.gov/briefings-statements/president-donald-j-trump-secured-tremendous-victory-american-farmers-businesses-new-japan-trade-agreements/. But the deal could be revised on other fronts. The World Trade Organization (WTO) only allows bilateral trade agreements covering „essentially all“ trade, a somewhat vague rule that this agreement does not respect. The logic behind this requirement is that it allows countries to liberalize trade through bilateral agreements without violating the WTO`s most-favoured-nation principle. 42K General Note 4(a)(k) of Annex II to the Trade Agreement. ustr.gov/sites/default/files/files/agreements/japan/Annex_II_Tariffs_and_Tariff-Related_Provisions_of_the_United_States.pdf. The U.S. and Japan have agreed on a trade deal, but critics say the deal isn`t as good as what it replaced. U.S.

President Donald J. Trump and Japanese Prime Minister Shinzo Abe recently announced a limited deal to reduce tariffs and other trade barriers between their countries. M. Trump hailed the deal as „phenomenal,“ but trade experts and some in Congress remain skeptical. On December 26, 2019, the President of the United States (United States), Donald Trump, signed a proclamation that implemented two separate trade agreements with Japan (together the agreements).1 The proclamation took place about three weeks after the approval by Japan`s bicameral parliament, the national parliament, of the two agreements in early December. The U.S.-Japan Trade Agreement (Trade Agreement) will eliminate or reduce tariffs on agricultural and industrial goods and set preferential quotas for U.S.-specific products. The U.S.-Japan Digital Trade Agreement is a separate agreement between the two countries that sets out guidelines for priority areas of digital trade. The agreements entered into place on 1 the Digital Agreement is a separate agreement establishing rules in the digital space15 The content of the Digital Agreement is practically in line with the provisions of the Agreement between the United States, Mexico and Canada (USMCA). . . .