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ECONOMY > Trade

Opposition lawmaker criticizes new U.S.-Japan trade pacts for “violating WTO rules”

  • October 11, 2019
  • , Asahi
  • JMH Summary

Asahi wrote that at a Lower House Budget Committee session on Thursday, Democratic Party for the People President Tamaki criticized Japan’s new trade agreements with the United States for “violating WTO rules.” Tamaki insisted that the GOJ’s explanation that the level of U.S. tariff reduction under the deal is 92%, which satisfies the WTO benchmark of 90%, is deceptive because tariff cuts for autos and auto parts are included in the calculation of the liberalization rate despite the fact that the United States has not yet made a firm commitment to eliminate its tariffs on Japanese autos. Foreign Minister Motegi dismissed the criticism by saying that the GOJ’s explanation is correct because the deal is based on the assumption that the tariff cuts will be implemented.

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