The U.S. has allowed Japan to exclude rice in Trans-Pacific Partnership (TPP) negotiations, but has asked the Japanese government to increase imports of U.S. rice, according to local sources. The Japanese government is struggling to keep Japanese rice competitive due to high production costs and declining consumption in Japan.
WASHINGTON – With U.S. President Barack Obama’s visit to Tokyo approaching, Japanese and U.S. trade chiefs are set to face off again in Washington as they strive to break a deadlock in talks on a massive free trade zone in the Pacific region.
It was suggested that the pace of negotiations on the proposed free trade agreement (FTA) between the two countries should be quickened, following a recent visit by Australian Prime Minister Tony Abbott to China.
(Reuters) - Russia is looking at the possibility of filing a lawsuit against the United States in the World Trade Organisation over sanctions hitting Russian banks, Economy Minister Alexei Ulyukayev said on Wednesday, according to Russian news agencies.
(Reuters) - China said on Thursday it would appeal against a World Trade Organization (WTO) ruling that found it violated global trade rules with its export limits on rare earth minerals used in defense and technology products.