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Indiaexportnews.com

First China-Japan trade talks in 7 years seek common ground

  20.04.2018    

China and Japan have held their first high-level trade talks in almost seven years against a backdrop of protectionist threats from the United States, reports Bloomberg.
Neither side says that's what the talks in Tokyo between Chinese Foreign Minister Wang Yi and his Japanese counterpart Taro Kono are about, but they are a reminder of how much both rely on the US market.
Japan asked China to ensure the fair and free transfers of technology and exchanges of intellectual property, Mr Kono told reporters after the meeting with Mr Wang. The US is threatening tariffs on about US$50 billion on imports from China to address what it called "unfair Chinese economic practices" in IP and forced technology transfers.
Japan also made requests of China regarding steel overproduction, Mr Kono said, However, he denied an earlier report from Kyodo News that China had asked for Japan's help on US steel tariffs, which have been imposed on both Japan and China.



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