Uncategorized

USTR’s Tai highlights China, climate in talks with Japan, France, others By Reuters

[ad_1]


© Reuters. FILE PHOTO: U.S. Senate Finance Committee conducts hearing on nomination of Katherine Tai to be U.S. Trade Representative.

WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai spoke on Tuesday with top officials in Japan, South Korea, Mexico and France about shared interests ranging from concerns about China’s trading practices and human rights to World Trade Organization reforms, USTR said.

Continuing a series of calls with her international counterparts, Tai spoke with Japanese Foreign Minister Toshimitsu Motegi and Hiroshi Kajiyama, the country’s economy and trade minister, as well as South Korean Trade Minister Yoo Myung-hee. She met with Mexican Secretary of Economy Tatiana Clouthier, French Finance Minister Bruno Le Maire and Franck Riester, France’s minister delegate for trade.

In her call with Motegi, Tai voiced the Biden administration’s support for engagement on digital trade issues and participating in international forums, including the Asia Pacific Economic Cooperation (APEC) and the Organization for Economic Cooperation and Development (OECD).

Motegi was the principal negotiator for a limited trade pact with the United States in 2019 under Tai’s predecessor, Robert Lighthizer. The deal lowered Japanese tariffs and increased quotas on U.S. beef and other agricultural products in exchange for reduced U.S. tariffs on some Japanese industrial goods.

USTR said Tai and France’s Le Maire discussed the trade and investment relationship between the countries, and agreed to cooperate more closely on China as well as using trade policies to support climate change objectives.

They discussed their “strong interest” in resolving a long-standing dispute over civil aircraft subsidies provided to Europe’s Airbus and Boeing (NYSE:), after moves by Washington, Britain and the EU to temporarily suspend tariffs.

The two officials also discussed the need to address global steel and aluminum overcapacity, USTR said.

Tai and her Mexican counterpart discussed the importance of fully implementing the United States-Mexico-Canada Agreement (USMCA) and the mutual benefits of “robust” bilateral agricultural trade. They agreed to pursue a USMCA Free Trade Commission meeting with their Canadian counterpart in the near future.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]
Read More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *