The initial areas of focus for cooperation will include issues like third country concerns, cooperation in regional and multilateral trade-related fora, addressing labour and environment-related priorities, a supportive digital ecosystem for all and trade facilitation.
It is expected that the first series of meetings under the Partnership on Trade will take place early in 2022. Periodic meetings will be held thereafter on a regular basis to advance a shared agenda of cooperation across a broad range of issue areas as well as to address bilateral trade issues of concern to either side.
“This Partnership will deepen the cooperation between the United States and Japan that has defined our strong bilateral trade relationship,” said USTR Katherine Tai.
“Our close collaboration will support the Biden-Harris Administration’s development of an economic framework for the Indo-Pacific and help create sustainable, resilient, inclusive, and competitive trade policies that lift up our people and economies,” she was quoted as saying in a press release by USTR released in Tokyo.
ALCHEMPro News Desk (DS)
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