The US and Japan will "speed up" talks on a trade agreement, Japan's economy minister pledged Friday, as Washington pushes Tokyo for a "more fair" trade relationship.
President Donald Trump, while touting his close ties with Japan, has repeatedly criticised Tokyo for what he views as a trade imbalance, with the issue coming up during his bilateral talks with Prime Minister Shinzo Abe on the sidelines of the G20 Friday.
"During the Japan-US summit, the two leaders agreed to speed up trade negotiations so that they can achieve results swiftly. Based on that, we held a ministerial meeting in the afternoon," Japan Economy Minister Toshimitsu Motegi said after talks with US Trade Representative Robert Lighthizer.
The two negotiators agreed to "vigorously push for meetings of working-level and high-level officials to move negotiations forward", Motegi told reporters.
The meetings will begin in early July to be followed by another round of ministerial-level talks, he added.
"Discussions have deepened. There is no doubt about it," he said, while declining to be drawn on details.
Trump has warned he wants Tokyo to further open its market to US products, especially in the agricultural sector, though the Japanese have so far appeared reluctant.
But Japan faces the spectre of auto-sector tariffs, which Trump has said he is willing to impose if a deal to his liking is not reached.
The two sides are not expected to strike a deal at least until after Japan's upper house election on July 21, with farmers a key constituency for Abe's ruling party.
On a visit to Japan in May, Trump said he was expecting to announce "some things" on trade negotiations in August, but no firm deadline has been set yet for an agreement.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
