Chairman Nakamura’s Comments on the Diet approval of
the Japan-US Trade Agreement’s Effectuation Date

December 4, 2019

We welcome the Diet approval of the Japan-US Trade Agreement and the agreement ready to take effect on January 1, 2020.

The expansion of rule-based free trade is of great significance amid the global proliferation of trade policies featured by protectionism including punitive tariffs.

It is also hoped that the concerned officials will persist in making utmost efforts to achieve the reduction and abolition of US tariffs on imports of Japanese autos and auto parts at an early date, an issue the two countries decided to defer for future negotiation.