Chairman Nakamura’s Comments on the Signing of
a Phase One US-China Trade Deal

January 16, 2020

We are pleased that an agreement has been signed between the governments of the US and China on a phase one trade deal.

We have been concerned that the extended trade friction was casting a shadow not only over the trade and investment, but over the global economy. Taking the first step toward easing the conflict through mutual discussion has significantly helped to alleviate concerns about the uncertain future.

We hope that rule-based, free and fair trade and investment systems can be enhanced by steadily implementing the signed agreement while also moving forward with a subsequent phase two deal.