(Nikkei: August 6, 2015 – p. 5)
The ruling Liberal Democratic Party has set up a special task force to review the minimum access quota for rice imports. The team will review Japan’s present imports of 770,000 tons of rice per year without tariffs and look into reducing the minimum access quota for rice imports. The LDP is hoping to cut the minimum access quota because Japan will import rice from the United States and other countries under a separate quota after the Trans-Pacific Partnership free trade talks are concluded. However, there are still many issues to be resolved such as the need to make arrangements with World Trade Organization (WTO) member countries.