01:30 GMT +325 June 2018
Listen Live
    United States Vice President Mike Pence speaks during the Munich Security Conference in Munich, Germany

    US Not Ruling Out Bilateral Free Trade Deal Between Japan, US - Vice President

    © Photo : Matthias Schrader
    Politics
    Get short URL
    112

    Vice President Mike Pence said that United States seeks stronger bilateral relations with other countries, in particular, Japan.

    MOSCOW (Sputnik) The United States seeks stronger bilateral relations with other countries, in particular, Japan, US Vice President Mike Pence said Tuesday, hinting that a US-Japan bilateral free trade pact was not ruled out.

    "Under President [Donald] Trump’s leadership, the United States seeks stronger and more balanced bilateral trade relationships with every country, including Japan. We seek trade that is free. We seek trade that is fair," Pence was quoted as saying by the Japan Times newspaper.

    Pence added that the Trans-Pacific Partnership (TPP), signed by 12 Pacific countries, was "a thing in the past."

    Earlier in the day, Pence held talks with Japanese Deputy Prime Minister Taro Aso during which the two officials agreed on seeking draft bilateral trade rules in coming talks.

    In February, Trump and Japanese Prime Minister Shinzo Abe agreed a plan to expand the economic relationship between the countries based on policies of free and fair trade.

    The leaders agreed to use the three-pronged approach of mutually-reinforcing fiscal, monetary and structural policies to ramp up domestic and global economic demand.

    On January 23, 2017, Trump signed an executive order withdrawing the United States from the TPP and therefore putting the future of the project into question. The deal would have removed trade barriers among its signatories, which together account for 40 percent of the world's economy.

    Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!

    Related:

    Japan Calling UNSC Emergency Meeting Over US Missile Strike on Syrian Airfield
    US Navy Strike Group Joins Japan to Provide Options Against Pyongyang
    Why It's Vitally Important for Japan to Sustain Relations Within TPP Without US
    Tags:
    Trans-Pacific Partnership (TPP), Mike Pence, Japan, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment