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Thursday, May 08, 2014
TPP Negotiation between Japan and America Symbolizes the Victory of Diplomacy and the End of FT
ANBOUND

A week after President Obama ended his visit to Japan, the U.S and Japanese officials announced that the two countries have achieved major breakthrough in TPP negotiation. However, the timing of tariff elimination has not been set and Japan needs to establish protection mechanism to address the influx of cheap imported products. ANBOUND research team believes that even though the compromisation between Japan and America depicts political triumph and a milestone in diplomatic negotiations the free trade value is discounted. It might put an end to the free trade principles. The core value of the agreement is nothing but exclusiveness when the principles are put behind for the sake of reaching an agreement.

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