Japan's Global Trade Strategy
Japan, as a leading player in the global economy, focuses on expanding its trade networks through multilateral and bilateral agreements. With initiatives like the Japan-EU EPA and participation in agreements such as TPP, Japan aims to increase its FTA/EPA ratio significantly by 2018. The country's trade policy emphasizes the reduction of custom duties and liberalization through various agreements, reflecting its commitment to open markets. Explore Japan's role in shaping global economic rules and its strategic significance in international trade partnerships.
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Presentation Transcript
The Role of Japan - leading global economic rules - Koichi Akaishi Takayuki UEDA Director-General for Trade Policy Ministry of Economy, Trade, and Industry Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry, Japan Fifth EU Asia Top Economist Round Table EU Japan Economic Forum -The Strategic Significance of the EU-Japan FTA/EPA- Building a Bridge between the Asia Pacific and the EU Tokyo, 14 November 2014 Paris, 10 February 2016
Two Ways forward a crossroad in the global economy - open market, sustainable society, innovative closed market, exhaustive, conservative Which way to go? 1
Japans Trade Policy Multilateral/Plurilateral Negotiations in WTO e.g. Information Technology Agreement (ITA) expansion Environmental Goods Agreement Level of liberalization high Custom duties are reduced equally to all member countries Bilateral EPA/FTA e.g. Japan-EU EPA/FTA Trans-Pacific Partnership (TPP) Regional Comprehensive Economic Partnership (RCEP) Custom duties are reduced only to bilateral countries Japan, China, South Korea, India, Australia, New Zealand + ASEAN 2
Japans goal in global trade Increase FTA/EPA ratio from 19%(2012) to 70% (by 2018) 15.4% 19.0% 37.3% Others 9.0% Others 8.4% ASEAN 14.7% ASEAN 14.6% 10.5% 38.6% South Korea 6.3% GCC 10.9% USA 13.3% 2012 2016 USA 11.9% GCC 9.6% EU 9.9% Taiwan 4.4% Australia 4.4% South Korea 6.3% China 20.6% China 20.6% 42.8% 48.1% in force/Signed/Agreed Under Negotiation Others 3 3
Trans-Pacific Partnership(TPP) TPP is the 21st century style rules: IPR, E-commerce, SOE, and environment , etc. Canada Japan USA Vietnam Mexico TPP Malaysia Peru Brunei Chile Singapore Australia New Zealand E-Commerce Investment Protection Trade in Services national treatment NT and MFN for the pre and post-Establishment not to impose custom duties on digital products open markets including AV service by negative list approach Against source-code disclosure/ server requirements ISDS Investor-State Dispute Settlement temporary entry for business persons in a timely and transparent manner free cross-border data flows etc. 4
Development of Japans FTA/EPA Networks China-Japan-Korea FTA Japan-EU EPA RCEP TPP ( Regional Comprehensive Economic Partnership ) Trans-Pacific Partnership 36%of world GDP 29% of world GDP 56% of world GDP In force/Signed/Agreed Under Negotiation Source : worldbank.org 5
Japan-EU Summit Meeting (November 2015) The two leaders shared the view that they would instruct their respective chief negotiators to accelerate the EPA/FTA negotiations and continue to do their utmost efforts to reach agreement in principle this year, and, if not, to achieve such agreement at the earliest possible time in the course of next year. 6
Thank you. Koichi Akaishi Takayuki UEDA Director-General for Trade Policy Ministry of Economy, Trade, and Industry Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry, Japan Fifth EU Asia Top Economist Round Table EU Japan Economic Forum -The Strategic Significance of the EU-Japan FTA/EPA- Building a Bridge between the Asia Pacific and the EU Tokyo, 14 November 2014 Paris, 10 February 2016
