U.s.-Japan Digital Trade Agreement
12. General Note 4 (a) (k) in Schedule II of the trade agreement. ustr.gov/sites/default/files/files/agreements/japan/Annex_II_Tariffs_and_Tariff-Related_Provisions_of_the_United_States.pdf. Both agreements aim to promote freer trade between the two economies, which together account for about 30% of the world`s gross domestic product. U.S. President Donald Trump signed a proclamation on December 26, 2019, in which he implemented two separate trade agreements with Japan (together the agreements) 1. The U.S.-Japan trade agreement (trade agreement) will abolish or reduce tariffs on agricultural and industrial products and set preferential quotas for U.S. products. The Digital Trade Agreement between the United States and Japan is a separate agreement between the two countries, which will provide guidance for priority areas of digital trade. The agreements came into force on January 1, 2020 and are expected to serve as the basis for further negotiations for a broader free trade agreement between the United States and Japan2. On November 19, 2019, the lower house of Parliament, the House of Representatives, voted on both agreements. On 4 December 2019, the Landtag approved the agreements after adoption by the Council, the House of Lords of the Landtag. In the absence of congressional approval in the United States, President Trump signed the agreements himself on December 26, 2019.
Both agreements came into force on January 1, 2020. A Japan-U.S. trade agreement came into effect Wednesday, immediately lowering tariffs on U.S. land products and a variety of Japanese industrial products without private cars and spare parts. In accordance with other bilateral free trade agreements, Schedule II of the trade agreement contains the rules of origin and origin to determine whether a product can benefit from preferential treatment. For the purposes of the trade agreement, a property comes from Japan if it meets one of the following criteria: on October 7, 2019, USTR Robert Lighthizer and Japan`s Ambassador to the United States Shinsuke J. Sugiyama signed the U.S.-Japan Trade Agreement and the U.S.-Japan Digital Trade Agreement. Following national procedures, both agreements came into force on 1 January 2020. As announced in the joint statement of the United States and Japan of September 25, 2019, the United States and Japan intend to conclude consultations within four months of the U.S.-Japan trade agreement coming into force and then to open negotiations on tariffs and other trade restrictions, trade barriers and investment, and other issues, to promote mutually beneficial, fair and reciprocal trade for both parties.