Japan is preparing to call on members of the World Trade Organization to scrap tariffs on various industrial goods as part of its proposals to spur a new round of global trade talks on cutting tariffs on nonfarm products, government sources said Friday.
Tokyo plans to submit the proposals by the end of this month so they can be taken up during market-access negotiations taking place under the three-year WTO round launched in Doha, Qatar, in November.
The talks have stalled due to resistance from some member developing nations over issues such as setting next March as the deadline for deciding the overall tariff reduction targets.