Meeting between Foreign Minister Hayashi and The Honorable Ambassador Tai, United States Trade Representative
On April 19, commencing at around 3.20 p.m., Mr. HAYASHI Yoshimasa, Minister for Foreign Affairs of Japan, held a meeting (for approximately 20 minutes) with The Honorable Ambassador Katherine Tai, United States Trade Representative, who is visiting Japan. The overview of the meeting is as follows:
- Minister Hayashi welcomed Ambassador Tai’s visit to Japan and congratulated the conclusion of the Japan-U.S. Critical Minerals Agreement and exchanged views on the application of the U.S. Inflation Reduction Act’s EV tax credit. He emphasized the importance of Japan-U.S.cooperation in strengthening supply chains from the perspective of economic security. In response, Ambassador Tai stated that she hopes to further develop the bilateral cooperation on both bilateral and multilateral trade matters.
- Ambassador Tai stated the progress of negotiations on the Indo-Pacific Economic Framework (IPEF) and emphasized the importance of cooperation with Japan. Minister Hayashi welcomed the U.S. engagement in the Indo-Pacific economic order through the IPEF and stated that Japan would proactively contribute to discussions under the framework along with partners in the region. Minister Hayashi also conveyed Japan’s position on the Trans-Pacific Partnership (TPP) from a strategic perspective.
- Both sides exchanged their views on key trade matters between two countries. They addressed economic security issues including economic coercion and affirmed their commitment to close cooperation toward the G7 Trade Ministers' Meeting in October.