US, Japan complete 1st round meetings of US-Japan Partnership on Trade

05 Mar '22

1 min read

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The United States and Japan recently completed the first round of meetings of the US-Japan Partnership on Trade. Both sides discussed specific initiatives and efforts in a range of areas, including labour, digital economy, environment, third-country issues, multilateral cooperation and trade facilitation. The partnership was launched during US trade representative Katherine Tai’s visit to Japan in November 2021.

Both sides intend to engage in further discussion to discuss due diligence guidance related to eradicating forced labour and other practices of concern in global supply chains, taking into account international standards, according to an USTR press release.

They decided to coordinate efforts to respond to third-country regulations that go against these commitments, and to exchange views on emerging and innovative digital trade rules.

Both the countries will hold discussions on reverse supply chains and the circular economy, as well as exchanges on promoting zero-to-low carbon goods and technologies.

They also discussed the importance of resilient supply chains, and the growing role of digital technology in customs trade facilitation.

ALCHEMPro News Desk (DS)

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