Japanese Ecomin Motegi: A good start to trade discussions with the U.S

Japanese Ecomin Motegi has been crossing the wires this early Asia and has said that they have had a good start to trade discussions with the U.S.

Key comments:

  • Talked about goods including agriculture and autos.
  • Will meet with Lighthizer again next week.
  • Agreed also talk about digital trade in the future.
  • Cannot go beyond existing trade agreements on agriculture.
  • Have not come to an agreement yet.
  • On autos, will move forward in a way that will be win-win.
  • Believe 232 won’t be acted upon while trade talks continue.
  • Believe that would be a general understanding.
  • Agreement will be a package.
  • Haven't negated possible talks on article 4 of joint statement.
  • U.S. believes that digital trade will come to agreement sooner.
  • Would like to get to an early agreement.

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