Japan, US try for trade deal during Obama visit
Japan and the U.S. are struggling to close a free trade deal during President Barack Obama’s visit to Japan.
The two nations had hoped to bridge gaps over the Trans-Pacific Partnership while Obama is in the country.
Japan’s Economy Minister Akira Amari and U.S. Trade Representative Michael Froman met on Wednesday in Tokyo to try to break the deadlock.
The U.S. wants Japan to drop tariffs on agricultural products in exchange for easing Japanese auto imports.
But Japan continues to insist on the need to protect five key farm products including beef and rice.
“We are at an important crossroad in the TPP negotiation,” said Froman.
He added it was time for Japan to choose a bold path.
Amari didn’t reveal the contents of the talks but reported directly to Prime Minister Abe ahead of Abe’s meeting with Obama.