Japan and China finally struck a deal Friday to resolve their trade row over tit-for-tat import curbs.
Tokyo agreed not to impose emergency import restrictions on three farm products mainly shipped in from China, while Beijing agreed to remove its retaliatory tariffs on Japanese industrial products.
An accord to create a trade consultation panel, under which the two governments and private-sector groups will negotiate "appropriate" trade levels for the three disputed farm products, paved the way for this final resolution, Japanese officials said.
Takeo Hiranuma, economy, trade and industry minister; Tsutomu Takebe, agriculture, forestry and fisheries minister; and Shi Guangsheng, China's foreign trade and economic cooperation minister, adopted a memorandum of understanding during a 40-minute meeting in Beijing.