TOKYO : Framework for Trade
Market-opening measures in fields including medical technology, automobiles and auto parts are on the agenda this week in bilateral trade talks aimed at cutting Japan’s massive trade surplus with the United States.
U.S. negotiators are pressing Tokyo to agree to “objective” criteria to measure success. In the insurance field, for example, the United States has suggested that the market share held by foreign firms should rise to at least 10% from the current 2%.
The trade “framework” talks, launched as a result of President Clinton’s July visit to Tokyo, aim at reaching an accord by early next year.
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