Japan’s Akazawa: Trade deal with US guarantees lowest tariff rates for chips, pharma
|Japanese Economy Minister and top trade negotiator Ryosei Akazawa said on Tuesday, “my understanding is that if a third country reaches an agreement with the United States (US) on lower sectoral tariffs such as chips and pharmaceuticals, the same rate would apply to Japan.”
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Labor shortages will be the biggest factor for the supply bottleneck for the Japanese economy
My previous comment that equity would account for just 2% of $550 trade package agreed with the US is based on the ratio of the Japan Bank for International Cooperation’s (JBIC) equity investment over loans in FY2023.
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