U.S.-Japan Trade Pact Is First Step Towards Comprehensive Agreement: AmCham

The video discusses the US-Japan trade agreement, highlighting its importance as a first step towards a comprehensive deal. It addresses key issues like digital trade and agriculture, while also touching on concerns about auto tariffs. The video outlines the collaborative relationship between the US and Japan, and the expectations for phase two of the agreement. It also explores the impact on US agriculture and the potential for bilateral deals to set high standards. The timeline for phase two is considered, with an emphasis on the importance of ongoing negotiations.

What is one of the key focuses of the first phase of the US-Japan trade agreement?

• Tourism

• Digital trade

• Military cooperation

• Environmental policies

What is a significant concern for US members regarding the trade agreement?

• Environmental impact

• Cultural exchange

• Tourism decline

• Auto tariffs

How has Japan's participation in the TPP without the US affected American agricultural players?

• It has limited their market access

• It has given them more market access

• It has had no impact

• It has improved their competitiveness

What is the US administration's stance on pursuing multilateral agreements in Asia?

• They are actively pursuing them

• They are considering them for the future

• They are not interested at this stage

• They have already completed them

What is the expected timeline for starting phase two of the US-Japan trade negotiations?

• In five years

• Early next year

• Immediately after phase one

• After the 2020 elections

What is a potential benefit of the ongoing negotiations for US businesses?

• Increased tourism

• Opportunity to address key issues

• Reduction in taxes

• Expansion of cultural programs

What is a key area that Japan could address unilaterally without trade negotiations?

• Military spending

• Pharmaceutical issues

• Tourism policies

• Environmental regulations