Tag Archives: High-level international economic partnerships

Japan speeds up TPP decision-making process, unveils plan to back farmers

The government is trying to accelerate its decision on whether to join multilateral negotiations for a Pacific-wide trade pact while compiling a package to support the nation’s farmers, who fear being inundated by cheap imports if Japan decides to enter the pact.

The United States and South Korea finalized a free-trade accord earlier this month, putting additional pressure on Japan to open its markets by joining the U.S.-led Trans-Pacific Partnership Agreement and supporting its he flagging economy by expanding exports.

High-level international economic partnerships should be "consistent" with revitalizing Japanese agriculture, Prime Minister Yoshihiko Noda said Thursday.

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