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The hearing is scheduled for Dec. 10 but could extend to a second day.
The Office of the U.S. Trade Representative announced on Thursday its plans to garner public comment on what the U.S. should pursue in trade talks with Japan.
“You don't want to set time lines on that because then you may not have the best deal for both parties, and I'm looking here at both sides.... But at the same time I don't think it's going to take year or years. Think of the templates that are already there.”
U.S. Trade Representative Robert Lighthizer has formally notified Congress of the administration's intent to negotiate trade agreements with the European Union, United Kingdom and Japan.
The Office of the U.S. Trade Representative is expected to notify to Congress as soon as this week that the administration intends to formally launch trade negotiations with Japan, the European Union and the United Kingdom, according to several sources with knowledge of the plans.
Japanese officials dismissed comments from Agriculture Secretary Perdue, who said the U.S. wants an "equal or better" deal than Japan-EU.
The U.S. wants a trade deal with Japan that is at least as good as the one Tokyo recently struck with the European Union, Agriculture Secretary Sonny Perdue said on Thursday.
Last week the U.S., the European Union and Japan committed to the “timely launch” of negotiations on a broad deal aimed at inhibiting digital protectionism and promoting data security.
U.S. agriculture groups say they would be satisfied if a U.S.-Japan trade deal offers them the same levels of market access as those negotiated in the Trans-Pacific Partnership, a line that Tokyo has laid down for the negotiations.
Sen. Roberts: “At a time when rural America is in a rough patch with low prices and uncertain trade markets, this announcement is positive news.”
The U.S. and Japan have agreed to begin negotiations on a bilateral trade agreement, the two countries announced in a joint statement on Wednesday.
USTR Robert Lighthizer met in New York City with Japanese Minister of Economy, Trade and Industry Hiroshige Seko and EU Trade Commissioner Cecilia Malmström.
Japan is expected to continue to balk at a bilateral trade deal with the U.S. during high-level talks that will resume on Sept. 24, analysts say, but could be forced into negotiations in the face of sustained U.S. pressure and the threat of Section 232 tariffs on autos.
The U.S., Japan and the European Union are expected to continue a joint effort to address Chinese trade practices next week, with officials slated to hold working-level talks in Washington to build on previous ministerial meetings.
The U.S., Japan and the European Union are expected to continue a joint effort to address Chinese trade practices this week, with officials slated to hold working-level talks in Washington to build on previous ministerial meetings.
“Both sides ... had frank discussions on both countries’ interests and views on trade and investment expressed so far, and deepened the understanding on their respective basic views and positions.”