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Japan, U.S. say made significant trade progress before summit

Tuesday, April 21, 2015 - 00:50

Japan and U.S. end two days of negotiations, saying they made significant progress in trade talks ahead of summit. Rough cut. (No reporter narration.)

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ROUGH CUT (NO REPORTER NARRATION) STORY: Negotiators from Japan and the United States worked into the wee hours of Tuesday (April 21) morning to narrow their differences on a free-trade pact. They said they made significant progress in two days of talks on the Trans Pacific Partnership. An agreement between Japan and the U.S. is considered crucial to the long-delayed 12-nation trade deal, as their economies account for 80 percent of the group's. U.S. trade representative Michael Froman says their work provides momentum to keep the talks going. "Due to these efforts the gap between the two sides has been substantially narrowed, but continued work is needed to ultimately resolve the outstanding issues. We've instructed our officials to continue their work based on the guidance we've given them," he said. Some of the sticking points include access to the Japanese rice market and the U.S. car market. Japan's economic minister Akira Amari says the progress they've made will be welcome at an upcoming summit between President Obama and Prime Minister Shinzo Abe set for April 28 in Washington.

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Japan, U.S. say made significant trade progress before summit

Tuesday, April 21, 2015 - 00:50