Japan to Buy US Rice Within Overall Limit on Duty-Free Imports
Japan has agreed to handle the U.S. demand to purchase more American rice within the existing overall limit on duty-free imports. According to Tokyo's top trade negotiator, Japan has no plans to lower its tariffs on farm products. This decision comes as part of the ongoing trade negotiations between Japan and the U.S. The U.S. has been pushing Japan to increase its imports of American agricultural products, including rice. However, Japan has maintained its stance on maintaining its current tariff structure for farm products. The country's overall cap on duty-free imports will remain in place, and the increased purchases of U.S. rice will be accommodated within this existing framework. The news article highlights the complex nature of the trade negotiations, where both countries are trying to balance their respective economic interests and trade policies.
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