Exchange of Recommendations for Fifth-Year Dialog under "the Japan-U.S. Regulatory Reform and Competition Policy Initiative"

December 8, 2005

  1. On December 8, Japan time (7, U.S. time), in Seattle, Mr. Kaoru Ishikawa, Director-General, Economic Affairs Bureau, Ministry of Foreign Affairs of Japan, and Ms. Wendy Culter, Assistant U.S. Trade Representative, exchanged recommendations concerning regulatory reform and competitive policy.
  2. These recommendations are compilations by the Government of Japan and the Government of the U.S. of regulations and measures taken by the other country that each government considers to improve for economic development of both Japan and the U.S. under the framework of the five-year-old Japan-U.S. Regulatory Reform and Competition Policy Initiative. Japan and the U.S. will have a series of meetings for constructive discussion based on the recommendations exchanged today.
  3. In the fifth-year dialog of the Initiative, the Government of Japan intends to have profitable discussion on the following main points:

    (1) Improvement of regulations and measures that are not consistent with the ideal of free trade and may impede fair competition, in particular, abolishment of those measures that have been found inconsistent with the WTO Agreement

    (2) Coexistence of U.S. counterterrorism measures and smooth economic and people's exchanges between Japan and the U.S.

    (3) Improvement of the business environment for the Japanese enterprises that are engaged in international activities

  4. The Government of Japan will continue to request the U.S. to improve its regulations, measures and policies reflecting the recommendations that were handed over to the Government of the U.S. today.
(END)


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