Notable agreements include the Japan-European Union (EU) EPA, which entered into force in February 2019. A text of the agreement can be found here. In 2018, Japan and six other countries (Australia, Canada, Mexico, New Zealand, Singapore, Vietnam) signed and ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Four other countries (Brunei, Chile, Malaysia, Peru) have not yet ratified the CPTPP. Japan had also concluded Economic Partnership Agreements (EPAs) with these 14 countries, as well as with ASEAN: a list of other trade agreements and EPAs concluded by Japan, as well as those under negotiation, can be consulted on this link from the Japanese Ministry of Foreign Affairs. Japan has been conducting ongoing negotiations since 2012 on a free trade agreement with a comprehensive regional economic partnership with several countries, including: The United States and Japan have concluded a trade agreement on market access for certain agricultural and industrial products, with plans to continue subsequent negotiations on an expanded free trade agreement. On October 17, 2019, the United States and Japan concluded a market access agreement for certain agricultural and industrial products. The Japanese legislature approved the agreement on December 5, 2019. Presidential Proclamation 9974 was issued on December 26, 2019, which sets the effective date of January 1, 2020. On December 30, 2019, the Federal Register notice (84 FR 72187) was published to implement the agreement. Under President Trump`s leadership, the United States and Japan agreed on the first results of the negotiations in the areas of market access for certain agricultural and industrial products, as well as digital trade. The United States looks forward to further negotiations with Japan for a comprehensive agreement that removes remaining tariff and non-tariff barriers and achieves fairer and more balanced trade. In October 2019, the United States and Japan signed the U.S.-Japan Trade Agreement and the U.S.-Japan Digital Trade Agreement, which entered into effect on January 1, 2020.
The U.S.-Japan trade deal eliminates or reduces tariffs to about $7.2 billion in the U.S. Agricultural exports and the U.S.-Japan Digital Trade Agreement contain high-quality provisions that ensure data can be transferred across borders without restrictions, ensure consumer privacy, promote adherence to common principles to address cybersecurity challenges, support the effective use of encryption technologies and promote digital commerce. Describes the trade agreements in which this country is involved. Provides resources for U.S. companies to obtain information on the use of these agreements. For more information on sector agreements between the United States and Japan, visit the Department of Commerce`s enforcement and Compliance website. On 23 October 2020, Japan and the United Kingdom signed a Comprehensive Economic Partnership Agreement (CEPA). The two governments had previously agreed by videoconference on 11 September on this agreement, largely based on the Economic Partnership Agreement between Japan and the European Union. The trade agreement between Japan and the United Kingdom has not yet been approved by the Japanese Parliament and the British Parliament, which both governments are expected to receive by the end of the year for entry into force on 1 January 2021.
A full text of the agreement is available from the Japanese Foreign Office (here) and a summary from the UK government (here). Japan is a full member of the World Trade Organization (WTO). For general explanations and information, see Annex II of TPR-Gateway to the Agreement sets out the rules of origin used to determine whether a good is eligible for preferential tariff treatment or whether it is “originating” under the Agreement. The product-specific rules (Annex II to the Agreement) specify the degree of change in the tariff classification to which non-originating materials must be subject. General Note 36 is added to the HTSUS and contains the requirements of the agreement. Links to the text of the U.S.-Japan trade agreement and related documents can be found below. The United States-Japan Trade Agreement (USJTA) entered into force on January 1, 2020. In this agreement, Japan committed to providing significant market access to the United States by phasing out most tariffs, imposing significant tariff reductions, or allowing a number of imports at a lower tariff. Once the USJTA is fully implemented, nearly 90 percent of U.S.
food and agricultural products imported into Japan will be duty-free or benefit from preferential tariff access. Hover over the number of a dispute in the table below to see the title of the dispute. Click the dispute number to go to a page with detailed information about the dispute. Agriculture – Related Provisions of the U.S.-Japan Trade Agreement The United States will provide for the elimination or reduction of tariffs on 241 tariff lines. Affected agricultural products include perennials and cut flowers, persimmon, green tea, chewing gum and soy sauce. The United States will also reduce or eliminate tariffs on certain industrial products from Japan, such as certain machine tools, fasteners, steam turbines, bicycles, bicycle parts and musical instruments. To qualify for preferential tariff treatment under the U.S.-Japan Trade Agreement, the following conditions must be met: To receive preferential treatment, a good must be originating and meet all the requirements of the U.S.-Japan Agreement. 1. LIBERALIZATION OF MARKET ACCESS BETWEEN THE UNITED STATES AND JAPAN On December 31, 2019, U.S. Customs and Border Protection (CBP) issued CSMS Message No.
41149692. Additional compliance guidelines will be made available as soon as possible. 2. CONCLUSION OF A HIGH-LEVEL DIGITAL TRADE AGREEMENT.. .