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POLITICS

LDP proposes TPP measures to support exports by small, mid-size enterprises

  • 2015-11-19 15:00:00
  • , Yomiuri
  • Translation
  • ,

(Yomiuri: November 19, 2015 – p. 9)

 

 The Liberal Democratic Party (LDP) compiled on Nov. 18 its proposed domestic measures in response to the broad Trans-Pacific Partnership (TPP) agreement. These will be approved officially on Nov. 20 and presented to the government.

 

 In light of the TPP accord, the LDP is advocating a “new exporting country,” where small and mid-size enterprises also export industrial and agricultural products. Its proposals stress the necessity of adopting growth policies to form “global hubs” for active trading and investment in the regions.

 

 The party’s TPP headquarters presented these proposals at a meeting on Nov. 18. The government will draw up its policy outline based on these recommendations on Nov. 25.

 

 The proposals focus on using the TPP as a launch pad for policies to support overseas ventures by small and mid-size enterprises, in order to revitalize regional economies.

 

 Consultation offices will be set up in the Japan External Trade Organization (JETRO) and other bodies to give advice on ways to take advantage of the TPP. Exports of high quality vegetables, fruits, and other products will be promoted by supporting the marketing of regional agricultural products among foreign tourists.

 

 On the other hand, emphasis is placed on protection with regard to the “five sensitive sectors,” including rice, beef, and pork.

 

 Addressing concerns about food safety under the TPP, the LDP also indicated the need to improve systems for ensuring food safety. (Abridged)

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