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Japan, U.S. Report Progress on Trade Talks, though Tokyo Stands Tough on Rice

Posted April 20, 2015

Under Economic Issues, International Trade Issues

(Tetsushi Kajimoto – Reuters)

Japan and the United States reported progress in top-level trade talks on Sunday that could pave the way for a broader trans-Pacific trade deal, although Tokyo cautioned that a bilateral accord was unlikely in time for a summit next week.

Japan’s Economy Minister Akira Amari and U.S. Trade Representative Michael Froman both said they had made good progress in the first of two days of cabinet-level discussions.

“We exchanged opinions about areas where Japan and the U.S. will cooperate in dealing with others” in the multilateral talks, Amari told reporters. “We confirmed progress made at working-level meetings with regard to remaining issues.” Click here to read more.