U.S. calls for more export access in Japan
The United States presented comprehensive reform recommendations to the Japanese government that urge further improvements in Japan's business environment and new market opportunities for U.S. exporters and companies seeking to do business in Japan, the office of the U.S. Trade Representative said Tuesday.
The U.S.-Japan Regulatory Reform Initiative includes detailed recommendations for Japan to strengthen regulatory transparency and predictability, facilitate cross-border triangular mergers, improve access to life-saving medical devices and drugs, and strengthen intellectual property protection through bilateral cooperation and domestic reforms. The recommendations also call on Japan to undertake reforms that will level the playing field in the East Asian country.
'Japan is a valued U.S. trading partner,' said U.S. Trade Representative Susan C. Schwab. 'Our trade relationship will benefit from Japan adopting international best practices and reforms to create more vibrant markets and enlarge long-term economic opportunities.'
This year's report ' part of an annual exchange under the U.S.-Japan Regulatory Reform and Competition Policy Initiative ' also recommends improvements in other key sectors, including financial services, agriculture, commercial law, telecommunications, distribution and information technologies.
The recommendations were exchanged in Tokyo by Deputy U.S. Trade Representative Karan Bhatia and Deputy Foreign Minister Mitoji Yabunaka, co-chairs of the initiative.