Japan Chile Free Trade Agreement
Japan, the world`s second largest economy and major exporter, is targeting an increasing number of free trade agreements as global negotiations on liberalization collapse. Since the signing of the first agreement with Singapore in 2002, Japan has sealed agreements or a framework with Brunei, Indonesia, Mexico, Malaysia, the Philippines and Thailand. It is also negotiating with India, South Korea and the Gulf countries and will begin talks with Australia next month. The two countries reached a fundamental agreement during the two days of high-level talks that began on 13 September, after four rounds of formal negotiations in February. After seven years in Tokyo in October 2014, the two countries agreed to deepen their free trade agreement. The free trade agreement with Chile “will not only provide a comprehensive framework for closer and more stable bilateral trade and economic relations at the centre over the long term, which will serve to ensure the stability of Japan`s natural resource supply and strengthen the partnership,” Prime Minister Junichiro Koizumi said in a statement. The U.S.-Chile Free Trade Agreement came into force on January 1, 2004. The U.S.-Chile Free Trade Agreement eliminates tariffs and opens markets, reduces barriers to trade in services, protects intellectual property, ensures regulatory transparency, ensures non-discrimination in digital trade, requires parties to maintain competition laws that prohibit anti-competitive business practices, and requires effective labour and environmental enforcement. As of January 1, 2015, all goods from the United States will arrive in Chile duty-free. China`s trade surplus with the United States – a major point of conflict in its bloody trade war – rose 52 percent last month to $37.4 billion. On 27 March, Japan signed a free trade agreement with Chile, its first such pact with a South American nation, which will abolish tariffs on more than 90% of trade.
Japan quickly sealed the agreement with Chile, which had already signed a free trade agreement with China in 2005. On 15 June 2007, the Japanese Parliament approved the Strategic Economic Partnership Agreement between Chile and Japan. Chile`s Chamber of Deputies approved the free trade agreement on 12 July 2007. The Chile-Japan Free Trade Agreement came into force on 3 September 2007. The Japan-Chile Economic Partnership Agreement provides details on Schedule 1 tariff concessions. The immediate abolition of tariffs, the removal or phasing out of tariffs and the categories of concessions in the tariff quota for Japan, etc., are defined in the general notes of Appendix 1, Part 1 (Reference 1). In addition, the detailed timetable for Japan for renegotiations, tariff quotas and uniform tariff reductions, etc., is defined in Part 2, Appendix 1 (Reference 2) in the Japan Calendar Notes. In November, Chinese exports did not grow as fast as they have been for nearly three years, as official figures on Monday showed, as increased demand in the most important markets before the holiday season also helped the country reach a record trade surplus. Chile and Japan announced their intention to discuss the possibility of negotiating a free trade agreement on 22 November at the 2004 APEC summit in Santiago, Chile. Following the evaluation of the results of the Chile-Japan Joint Task Force (JSG), which held four meetings, the two countries announced their intention to begin on 18 November 2005 in Seoul, Korea, at the APEC Heads of State Meeting. The Strategic Economic Partnership Agreement between Chile and Japan was signed on March 27, 2007 in Tokyo, Japan. Japan and Chile have presented a free trade agreement that will eliminate tariffs on 92% of the two countries` exports over a 10-year period and end the principle of negotiations just seven months after they open, as announced by the government on Friday.
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