U.S., Japan continue trade regulation improvements

U.S., Japan continue trade regulation improvements    The U.S.-Japan Regulatory Reform and Competition Policy Initiative released a report Monday outlining a number of areas to help further open Japan's markets, improve the business environment and stimulate new opportunities for growth for U.S. exporters.
   The 86-page report was prepared at the conclusion of each annual round of the initiative. The initiative, led by the Office of the U.S. Trade Representative and Japan's Ministry of Foreign Affairs, includes the involvement of an array of U.S. and Japanese departments and agencies.
   'Removing non-tariff barriers to trade and improving transparency in foreign markets are high priorities for the United States, and going forward I look to ensure this important work is strengthened further,' said U.S. Trade Representative Ron Kirk in a statement.
   Reform-focused results were seen in a broad range of sectors. Some of the key areas of progress seen in Japan's trade environment and noted in the report include:
   ' Finalizing an arrangement establishing a new import inspection framework that incorporates steps to facilitate trade in U.S. horticultural products.
   ' Approving new food additives already considered safe around the world, thereby opening new opportunities for exports of U.S. food products.
   ' Leveling the playing field in customs treatment for high-value items sent via international postal express service compared to requirements imposed on international express carriers for similar services.
   ' Improving transparency at Japan's quarantine stations to facilitate smooth import procedures for nutritional supplements.
   Kirk emphasized the importance of making progress with Japan on other priority issues for the United States. 'Normalizing trade for U.S. beef and securing a level playing field for U.S. insurance providers are two issues that remain of serious concern. I look to Japan to ensure these concerns are addressed as quickly as possible.'