U.S. President Donald Trump and Japanese Prime Minister Shinzo
Abe agreed in April to set up a new framework to discuss "free,
fair and reciprocal" trade that will be led by U.S. Trade
Representative Robert Lighthizer and Japanese Economy Minister
Toshimitsu Motegi.
Motegi told reporters that he wanted to have "constructive
talks" towards an expansion of free trade.
U.S. President Donald Trump's protectionist trade policies
raised concerns about the global trade and economy and his
threats to impose tariffs on U.S. imports of autos and auto
parts raised criticism from home and abroad.
Japan's trade surplus with the U.S. may be a potential target
for Trump's trade policies.
Motegi, who met UK Secretary of State for International Trade
Liam Fox, on Tuesday also welcomed UK's trade minister's
expressing the British government' interest in joining the
Trans-Pacific Partnership (TPP) agreement among 11 nations.
"According to our calculations, the combined gross domestic
product(GDP) of the TPP-11 and the UK will be totally the same
with the GDP of the EU minus the UK. It's indeed going to be an
engine of Japan's economic growth," Motegi told reporters.
(Reporting by Leika Kihara, Kaori Kaneko and Kwiyeon Ha; Editing
by Chris Gallagher)
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