The Japan US Trade Agreement Is Scheduled To Take Effect In January (2020).

The two sides of Japan and the United States formally signed the Japan US trade agreement in October 7th (2019). Although Japan has lowered tariffs on US agricultural products, it has not adopted the zero tariff quota of white rice. The United States will use the presidential authority to allow the agreement to take effect. As soon as the provisional Parliament of Japan is approved, the agreement will come into force in January 1st (2020).

Japan US trade reached a consensus at the summit meeting in late September this year. Beef tariffs imported from the United States will be lowered from 38.5% to the same level as TPP, and will be phased down to 9%. There is no regulation on the tariff quotas for white rice before TPP. Whether the United States abolishes tariffs on Japanese cars is still under negotiation.

In addition, formal agreements have been signed in terms of e-commerce trade, in principle prohibiting companies from issuing AI artificial intelligence algorithms. The Japan US trade agreement is divided into two parts. It is expected that trade agreements with services will be launched after the 2020 agreement comes into effect.