Japan expected to slap higher import tariff on frozen U.S. beef

Jul 27, 2017

Japan expected to slap higher import tariff on frozen U.S. beef

Japan is likely to impose an emergency tariff on frozen beef from the United States — starting next month — in response to a spike in imports, a government source said. The measure, designed to protect domestic farmers from sudden increases in imports, would remain ...

U.S. plans to renegotiate 2012 free trade deal with South Korea

Jul 13, 2017

U.S. plans to renegotiate 2012 free trade deal with South Korea

The United States formally declared Thursday it wants to renegotiate its free trade agreement with South Korea, as the world's biggest economy seeks to redraw the global commerce system in its favor under President Donald Trump. Trump railed against trade agreements on the campaign trail, ...

Japan, EU ink cooperation pact to remove LNG resale restrictions

Jul 12, 2017

Japan, EU ink cooperation pact to remove LNG resale restrictions

Japan and the European Union exchanged a memorandum of understanding Tuesday on their cooperation to remove terms that restrict the resale of liquefied natural gas from LNG import contracts. The cooperation deal, also aimed at making the LNG market transparent, was signed in Brussels by ...

TPP chief negotiators meet to hash out deal with or without U.S.

Jul 12, 2017

TPP chief negotiators meet to hash out deal with or without U.S.

Chief negotiators from the 11 Trans-Pacific Partnership countries met Wednesday in the hot-spring resort town of Hakone, Kanagawa Prefecture, to discuss how to breathe fresh life into the massive free trade deal after the U.S. withdrew. Kazuyoshi Umemoto, the chair of the meeting, said at ...

Dairy industry likely to get more aid after EPA deal with EU

Jul 6, 2017

Dairy industry likely to get more aid after EPA deal with EU

Japan is expected to boost subsidies and other assistance to dairy farmers after reaching a broad accord on its economic partnership agreement with the European Union, informed sources say. The two sides struck the deal at bilateral ministerial talks in Brussels on Wednesday by resolving ...

Japan may set tariff-free quota for EU beef under EPA

Jun 22, 2017

Japan may set tariff-free quota for EU beef under EPA

Japan is considering setting a tariff-free import quota for beef from European Union member states, as requested by the EU in the two sides' negotiations on an economic partnership agreement for free trade, informed sources told Jiji Press on Wednesday. The Japanese government believes that ...