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Information BOX: Main contents of Japan-US trade agreement, postponement of automobile tariff elimination

2019-09-26T02:16:48.895Z


[Tokyo 26th Reuters]-Prime Minister Shinzo Abe and US President Trump agreed to sign a trade agreement at a meeting held in New York on the 25th local time and signed the document. The main points of the agreement are as follows. From Japan to the United States


[Tokyo 26th Reuters]-Prime Minister Shinzo Abe and US President Trump agreed to sign a trade agreement at a meeting held in New York on the 25th local time and signed the document. The main points of the agreement are as follows.

<< Export from Japan to USA >>

◎ Auto

・ Continuation of tariff elimination on automobiles and related parts exported from Japan to the United States.

・ "Conditions for tariff elimination through further negotiations" will be clearly stated in the US concession sheet that defines the method and schedule for the elimination and reduction of tariffs on individual items, and details such as the timing of elimination will be discussed in the future.

◎ Beef

・ The low tariff quota for Wagyu beef (currently 200 tons per year) has actually expanded. "Multi-country frame" (65,005 tons) that does not specify a country can be used.

◎ Other industrial products

-Eliminating and reducing tariffs on industrial products (industrial machinery, chemicals, steel products, etc.), mainly on items that Japanese companies are interested in exporting and have a large volume of trade.

<< Export from the United States to Japan >>

◎ Beef and pork

-Immediately reduce tariffs at the same level as TPP participating countries

・ Beef cuts to 9% tariff (currently 38.5%)

・ In the case of a sharp increase in imports from the US, the safeguard triggering standard quantity is 242,000 tons in FY2020 (the triggering standard is 600,000 tons in TPP countries), and then gradually increases to 293,000 tons in FY33. .

◎ Rice

・ No introduction of tariff-free import quota (up to 70,000 tons per year under TPP agreement)

《Digital Trade Agreement》

・ No tariff on electronic transmissions between the two countries. Don't give the other country's digital product any more disadvantageous treatment than other similar digital products.

-When used in business, except for public policy measures, the transfer of electronic information across borders is not prohibited or restricted.

-Prohibiting the disclosure of software source code and algorithms as a condition of import / sales is prohibited. (Except for regulatory and judicial authorities)

Source: asahi

All news articles on 2019-09-26

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