Text Of Us Japan Trade Agreement

4. www.whitehouse.gov/briefings-statements/joint-statement-united-states-japan/. Within four months of implementation, President Trump and Prime Minister Abe will shift their efforts to a broader trade deal. This broader agreement should cover both tariff and non-tariff barriers, including tariffs and restrictions on trade in services and investment. 5. ustr.gov/countries-regions/japan-korea-apec/japan. On December 26, 2019, the President of the United States (United States), Donald Trump, signed a proclamation that implemented two separate trade agreements with Japan (together the agreements).1 The proclamation took place about three weeks after the approval by Japan`s bicameral parliament, the national parliament, of the two agreements in early December. The U.S.-Japan Trade Agreement (Trade Agreement) will eliminate or reduce tariffs on agricultural and industrial goods and set preferential quotas for U.S.-specific products. The U.S.-Japan Digital Trade Agreement is a separate agreement between the two countries that sets out guidelines for priority areas of digital trade.

The agreements entered into force on January 1, 2020 and will serve as the basis for further negotiations for a broader free trade agreement between the United States and Japan.2 USDA Japan has developed a series of product descriptions that provide a brief overview of the impact of the USJTA on certain product categories. Please note that the information provided is not complete and other details are available in the text of the contract itself. Annex II to the Agreement lays down the rules of origin and specifies whether a product is eligible for preferential tariff treatment or whether it originates in the Agreement. The product-specific rules (Annex II to the Agreement) define the degree of change in the tariff classification of non-originating materials. General Note 36 is added to the HTSUS and contains the requirements of the agreement. Links to the text of the U.S.-Japan trade agreement and related documents are available below. The United States and Japan have reached a trade agreement on market access for certain agricultural and industrial products, with plans to continue further negotiations for an expanded free trade agreement. .