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Agricultural tariffs still the issue for TPP

Top U.S. and Japanese negotiators wrapped-up two intensive days of talks on Thursday in an effort to work out some deals before President Obama meets Prime Minister Shinzo Abe in Tokyo on April 24th. Hopes are the two leaders would set the stage for completion of the Trans Pacific Partnership (TPP) that is being negotiated.

But agricultural issues and auto parts remain some major stumbling blocks. The U.S. wants Japan to eventually eliminate all tariffs on U.S. agricultural products including beef, pork and rice. Earlier this week Japan signed a trade deal with Australia under which they will reduce tariffs on beef imports from the current 38.5 percent to 23.5 percent on chilled beef and 19.5 percent on Australian frozen beef. The Japan News says Tokyo would like to reach a similar deal with the U.S.

 

 

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