Earlier today the White House announced approval of Japan’s entry into talks on an Asia-Pacific trade deal. According to thehill.com, after more than a year of consultations with Tokyo, acting US Trade Representative Demetrios Marantis announced the two nations have agreed to a “robust package of actions and agreements” allowing Japan to join the ongoing negotiations of the Trans-Pacific Partnership.
American Farm Bureau says they are pleased with the decision. AFBF President Bob Stallman says, “As the fourth-largest US agricultural export market, trade with Japan is important to America’s farmers and ranchers.” Stallman adds, “A comprehensive TPP agreement that includes Japan will strengthen trade relationships, address remaining barriers and improve the competitiveness of the Asia/Pacific market.”
Japan’s admission into the TPP negotiations still requires the approval of the other 10 nations involved.