Ministers continue TPP talks in Hawaii as clock ticks

Jul 31, 2015

Ministers continue TPP talks in Hawaii as clock ticks

Trade ministers from 12 countries continued negotiations on the proposed Trans-Pacific Partnership on Thursday, with outstanding issues proving to be more difficult than expected. Ministers were hoping to announce the outcome of the talks at a joint news conference planned for Friday afternoon following ...

Jul 30, 2015

Japan to ban imports of red-eared slider turtles

The Environment Ministry plans to ban imports of non-native red-eared sliders, a type of turtle popular as pets in Japan, to protect the ecosystem. The ban probably won’t take effect until 2020 at the earliest, Shigeo Kitamura, the vice environment minister, said Wednesday in ...

Jul 2, 2015

Japan takes Brazil to WTO over taxes it says favor local firms

Japan launched a complaint against Brazil at the World Trade Organization on Thursday to challenge charges and taxes that it says illegally favor Brazilian-made goods over foreign competition, the WTO said in a statement. Japan says Brazil imposes a higher tax burden on importers ...

Jun 24, 2015

Amari says TPP agreement is possible in July

Economic and Fiscal Policy Minister Akira Amari said Wednesday the 12 countries negotiating a Pacific Rim free trade initiative can reach a broad agreement by the end of July, as U.S. Congress has neared passage of a bill that is crucial to concluding the ...

Jun 21, 2015

China, Japan discuss easing 3/11 curbs on food imports

A farm ministry official has met with a senior Chinese official in charge of food inspections to request that restrictions be eased of foods from areas tainted by radiation by the 2011 Fukushima nuclear disaster, sources said Sunday. During the meeting Friday in Beijing, ...

Trade deficit shrank 76.5% in May compared with year earlier

Jun 17, 2015

Trade deficit shrank 76.5% in May compared with year earlier

The trade deficit shrank 76.5 percent in May from a year earlier to ¥216.0 billion as declining crude oil prices continued to push down imports, the government said Wednesday. But the trade balance remained in the red for the second consecutive month, due partly ...

Jun 5, 2015

India's blocking imports of U.S. poultry, eggs is unfair, WTO rules

The World Trade Organization has upheld a ruling that India is unfairly blocking imports of U.S. poultry and eggs. The Obama administration called the decision a major victory that should greatly expand export opportunities for American farmers. The ruling announced Thursday by the Geneva-based ...

Trade deal helps boost sales of Aussie beef in Japan

May 13, 2015

Trade deal helps boost sales of Aussie beef in Japan

by

Australia is set to strengthen its dominance over the U.S. as Japan’s biggest beef supplier as a trade deal drives shipments toward a four-year high. Imports of Australian chilled beef rose 8 percent last quarter and may reach the highest since 2011 while shipments ...

May 11, 2015

Sales of imported vehicles climbed 14.8% in April

Sales of imported new vehicles in Japan, including those built abroad by Japanese automakers, grew 14.8 percent in April to 17,881 units, an industry body said Monday. Sales of foreign-brand cars surged 17.4 percent to 15,167 units while those of Japanese-brand vehicles grew 1.9 ...

Trade balance swings to first surplus since 2012

Apr 22, 2015

Trade balance swings to first surplus since 2012

The nation’s exports exceeded imports in March for the first time in almost three years, providing support for an economy struggling with weak domestic spending. The trade surplus was ¥229.3 billion, the Finance Ministry announced Wednesday, soaring above a median estimate of ¥44.6 billion ...