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

Ross J Burland FXStreet

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.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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