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Japan Rejects Idea of U.S. Free-Trade Deal to Fix Imbalance

Posted November 07, 2017

Under Economic Issues, International Trade Issues

(Nikkei Asian Review)

Japanese Finance Minister Taro Aso said Tuesday that trade imbalances with the United States should be addressed through U.S.-Japan economic dialogue, rather than through a bilateral free-trade agreement.

“It is true that the United States runs trade deficits with Japan. But a bilateral FTA won’t be the way to address this issue,” said Aso, who is also deputy prime minister.

The bilateral economic dialogue was launched this year to address trade issues following the U.S. withdrawal from the Trans-Pacific Partnership free-trade initiative, which includes Japan. The bilateral dialogue is chaired by Aso and by U.S. Vice President Mike Pence. Click here to read more.