Japan-US sign trade agreements

Washington: The US and Japan have signed trade agreements on agriculture and digital exports, which American President Donald Trump termed a “tremendous victory” and said will help create jobs, expand investment, promote fairness and reduce trade deficit between the two countries.

The two agreement signed at the White House were the new US-Japan Trade Agreement and the US-Japan Digital Trade Agreement. “These two deals represent a tremendous victory for both of our nations. They will create countless jobs, expand investment and commerce, reduce our trade deficit very substantially, promote fairness and reciprocity, and unlock the vast opportunities for growth,” Trump told reporters.

According to the White House, the agreements will provide a tremendous boost to American farmers, workers and businesses. It said Trump will continue to work towards achieving a final comprehensive trade agreement with Japan. Describing this as a tremendous victory for American farmers, as they will have expanded access to a fairer market to export their products, the White House said Japan is US’ third-largest agricultural export market and accounted for $14.1 billion in food and agricultural exports in 2018.