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Significance of Japan’s Participation in TPP

Significance of Japan’s Participation in TPP. May 1, 2013. US Goods Trade with TPP Countries with or without FTA (2012). Current TPP Partner without FTA with US. (Source: DOC, IMF). Japan’s Commitment to High Standard Rules.

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Significance of Japan’s Participation in TPP

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  1. Significance of Japan’s Participation in TPP May 1, 2013 US Goods Trade with TPP Countries with or without FTA (2012) Current TPP Partner without FTA with US (Source: DOC, IMF)

  2. Japan’s Commitment to High Standard Rules Japan, together with the U.S., has contributed to many international groupings where high standard rules are made. Note: Only 11 TPP partner countries are shown in the table above. In ACTA, Japan and the U.S. have jointly initiated the negotiation. In the Investment Liberalization, Japan and the U.S. also have several High Standard Bilateral Investment Treaties. In the Environmental Goods and Services Liberalization, Japan and the U.S. have jointly contributed to this liberalization effort in the framework of APEC and WTO. ILO’s eight Fundamental Conventions include: two for freedom of association (C087, C098); two for forced labor (C029, C105); two for discrimination (C100, C111); and to for child labor (C138, C182).

  3. Japan’s Trade 2012 Import= Quick Estimation (QE) (Source: MOF) (Source: World Bank) 297 (in 2012) (Source: DOC)

  4. Japan’s Import of Agricultural Products from US (2012) (Source: Japan’s MAFF, USDA(FAS)) Japan’s Economic Partnership Agreements (EPA) and Free Trade Agreements (FTA) • Concluded (13): • Singapore, Mexico, Malaysia, Chile, Thailand, Indonesia, Brunei, ASEAN, Philippines, Switzerland, Vietnam, India, and Peru • Under Negotiation or Entering Negotiations (9): • Australia, Gulf Cooperation Council (GCC), Korea, Mongolia, Canada, Columbia, Japan-China-Korea, Regional Comprehensive Economic Partnership (RCEP), EU • Joint Study (1): • Turkey

  5. Japanese Automakers in the U.S. • (1) Increasing Production of Japan’s Auto-makers in the U.S. (1986 – 2011) • (2) Employment by Japanese Automobile Manufacturers • Production by Japan’s Auto-makers in U.S. has increased more than four times since 1986, contributing to the creation of new jobs. • Japanese car manufactures have invested an accumulated amount (stock base) of $34 billion, and created jobs for approximately 400,000 workers in the US. (Source: Japan Automobile Manufactures Association (JAMA )) (%) • (3) Average Percentage of Parts Purchased Locallyfor U.S. Built Vehicles (2012) (%) (Source: American Automobile Labeling Act (AALA) Report)

  6. Share of Life/Health Insurance Contracts in Japan (1) Market Size (FY 2011) by Premium Income (Million Yen) (Note: “Life Insurance” and “Property and Casualty Insurance” include Health Insurance sold by the Life Insurance and the Property Insurance businesses.) (2) Share of Number of Existing Life/Health Insurance Contracts (As of FY 2011) (3) Share of Number of New Life/Health Insurance Contracts (FY 2011) TOTAL 158,225,429 TOTAL 13,067,625 (Source: The Life Insurance Association of Japan) (4) Share of Number of Existing Cancer Insurance Contracts (As of FY 2011) TOTAL 19,293,652 (Source: Weekly Insurance, 2011 Life Insurance Statistics Special Edition)

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