P.M. BRIEFING : Japan Agrees to U.S. Trade Plan
Japan has agreed to a U.S. proposal to conclude a new agreement regulating semiconductor trade between the two countries, government officials said today.
The officials of the Ministry of International Trade and Industry said negotiations for the agreement, which will replace one due to expire in July, will take place in Washington by the end of this month.
Japan has declined a U.S. demand that the new agreement include Japan’s pledge to raise the market share of imported chips to 20% by the end of 1992.
Japan has agreed to conclude a new agreement on condition that the United States lift the remaining sanctions against Japanese personal computer imports worth about $165 million, the economic journal Nihon Keizai Shimbun reported today.
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