Japan and the United States agreed on Friday to hold working-level meetings intensively from early next month to accelerate progress towards a two-way trade agreement, Economy Minister Toshimitsu Motegi said.
Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership trade deal, in Santiago, Chile March 8, 2018.
The two leaders agreed to accelerate trade talks and had agreed the alliance was stronger than ever, a Japanese government official told reporters. “We share understanding of each other’s thinking and stance and where our gap lies. Based on that, we are discussing ways to narrow our differences,” Motegi told reporters, without elaborating.
Analysts widely expect the two sides will be unlikely to strike a deal at least until after Japan’s upper house election next month since farmers are a key pillar of support for Prime Minister Shinzo Abe’s ruling Liberal Democratic Party.
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