Japan may cut US beef tariffs in crucial trade talks: media
Published on Apr 10, 2014 9:19 AM
TOKYO (Reuters) - Japan is considering slashing tariffs on United States beef imports to less than 10 per cent from the current 38.5 per cent in negotiations aimed at laying the ground for a broad Pacific trade pact, the Nikkei business daily said on Thursday.
The proposed cut would be much deeper than one negotiated with Australia, which on Monday agreed to a trade deal with Tokyo including a halving of the levy on frozen beef to 19.5 per cent.
Japan and the United States are seeking a two-way trade deal, regarded as a key part of the US-led Trans-Pacific Partnership (TPP), before Obama travels to Japan for an April 24-25 state visit.
The TPP is the centrepiece of Washington's push to increase its Asian presence.
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