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TMCNet: U.S. unveils regulatory reform initiative results with Japan

[July 06, 2009]

U.S. unveils regulatory reform initiative results with Japan

WASHINGTON, Jul 06, 2009 (Xinhua via COMTEX) -- The United States and Japan released Monday the results of their work under the U.S.-Japan Regulatory Reform and Competition Policy Initiative.

The report documents the results of work to promote more open markets, ensure fairer competition, and improve the climate for U.

S. exporters and service providers in the world's second largest economy.

U.S. Trade Representative Ron Kirk welcomed progress made in a number of areas that will help to further open Japan's market, improve its business environment, and stimulate new opportunities for growth.

"I welcome the results we are seeing through this engagement with Japan, which for American exporters and service providers is helping to create new opportunities with our fourth largest trading partner and goods export market," said Ambassador Kirk. " Removing non-tariff barriers to trade and improving transparency in foreign markets are high priorities for the United States, and going forward I look to ensure this important work is strengthened further." Reform-focused results were seen in a broad range of sectors, ranging from information technologies to agriculture, as well as on cross-cutting issues affecting the business environment such as competition policy.

The United States and Japan annually exchange recommendations under this initiative, and engage through a results-oriented process that includes four working groups and a high-level officials group. These groups address recommendations made by Japan as well as recommendations made by the United States covering issues such as telecommunications, transparency, agriculture, distribution, commercial law, legal services, medical devices and pharmaceuticals, information technologies, intellectual property rights, insurance, competition policy, and cosmetics/nutritional supplements.

The initiative, led for the United States by the Office of the United States Trade Representative and for Japan by the Ministry of Foreign Affairs, includes the involvement of a broad array of U. S. and Japanese departments and agencies, reflecting the wide scope of issues addressed through this initiative.

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