• Kyodo

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Tokyo and Washington are likely to conclude bilateral preparatory talks this week on the Trans-Pacific Partnership trade liberalization deal, clearing the way for Japan to join the talks as early as July, government sources said Tuesday.

Tokyo has agreed to allow the United States to retain the tariffs it currently imposes on automobiles and trucks imported from Japan for some time, while securing fair competition in the insurance sector. Tokyo plans to negotiate the retention of its own tariffs on sensitive agricultural products during the ongoing TPP negotiations, which involve 11 member states.

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