1、 1 Sonali Chowdhry,Gabriel Felbermayr,and Toshihiro Okubo KIEL POLICY BRIEF The USJapan Trade Agreement is unlikely to meet the substantially all the trade criterion of GATT Article XXIV since the scope of tariff liberalization is very narrow.The US and Japan have agreed to liberalize just 3.4%and 1
2、0%of tariff lines with positive MFN duties,respectively.Key sectors for US exports to Japan such as machinery and instruments are not liberalized under the agreement.Though the market access offered to specific US agri-food products is similar to Japans commitments under the Comprehensive and Progre
3、ssive Agreement for Trans-Pacific Partnership(CPTPP),Japan has not rolled over the entire CPTPP schedule for the US.Tariff concessions are asymmetric and indicate the relative disadvantage with which Japan entered into bilateral negotiations with the US.Overall,the market access gained by Japan from this deal is highly circumscribed in comparison to the recently implemented EUJapan Economic Partnership Agreement.Kiel Institute for the World Economy ISSN 21957525 N No o.1 13131 December December 20192019 The USJapan Trade Deal:Narrow Scope,Wider Implications
升级VIP 