- No Breakthrough in Japan Trade Talks
- April 30, 2014
- Law Firm: McDonald Hopkins LLC - Cleveland Office
During President Obama’s visit to Japan, there was some hope that a two-way trade deal between the U.S. and Japan could have been reached - an agreement that could help spur agreement on a broader Trans-Pacific Partnership (TPP). Unfortunately, for proponents of expanding trade, no such deal was reached.
While trade talks between the U.S. and Japan will continue at the ministerial level, the talks have stalled over Japan’s reluctance to open up farm sectors like beef.
In a press conference this week, President Obama sounded encouraged despite the lack of an agreement, saying that the U.S. and Japan were actually close on issues such as automobiles and agriculture.