Japan takes first step towards membership of TPP free- trade agreement

Prime Minister Shinzo Abe announced that Japan would join the TPP talks (photo:dpa)
Prime Minister Shinzo Abe announced that Japan would join the TPP talks (photo:dpa)

After years of political wrangling, Japan has decided it will take part in negotiations to join the Trans-Pacific Partnership (TPP), a free-trade agreement of Pacific Ocean nations. Membership could help Japan reduce the value of its imports and achieve a trade surplus, but the government says it will only strike a deal by which it could retain some import tariffs to protect its agricultural sector.

JAPAN’S new government has taken a decision which previous governments having been putting off for eight years. It has announced that it will enter into negotiations to join the bloc of Pacific nations belonging to the economic strategy group, the Trans-Pacific Partnership.

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