U.S. -Japan Trade Tension Part 2: The Sticky Problem of Nont

In the face of a soaring U.S. trade deficit with Japan, which totalled $37 billion last year and could grow to more than $40 billion this year, demands have been mounting for easier U.S. access to Japanese markets. Since Japan's average tariff rate of 3 percent is already less than that of either the U.S. or the European Economic Community, attention has focused on Japanese nontariff barriers (NTBs). NTBs include import quotas, the "Buy National Products" law adopted by the Japanese government for domestic procurementf and various import regulations.

Related Keywords

Vietnam , Republic Of , Japan , Tokyo , United States , Texas , Washington , Japanese , American , Nippon , W Edward Deming , Katsuro Sakoh , Smithkline Beckman , Boeing , Us Congress , European Economic Community , Good Laboratory Practices , Action Program For , Nippon Telephone Telegraph Corporation , Ibm , Diet Japanese Parliament , Pfizer , Action Program , Japanese Ministry Of Health , Texas Instruments , National Products , Ministry Of Agriculture , Telecommunications Eauipment , World War , Japanese Industrial Standard , Japanese Parliament , Japan Air Lines , Industrial Standard , Japanese Ministry , Rade , Trade Tension , Trade Deficit , Nontariff Barriers ,