Japan and Mexico should begin formal negotiations as soon as possible on concluding a comprehensive pact aimed at shoring up a bilateral economic partnership, including a free-trade agreement.

This will be a conclusion of a long-awaited study report to be released later this week, which will pave the way for top Japanese and Mexican leaders to formally declare the opening of formal FTA negotiations in autumn.

A joint panel of government and private-sector experts studying the feasibility of an FTA and other measures to strengthen bilateral economic relations will hold their seventh, and final, talks in Mexico City for two days starting on Wednesday.