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Because of the close economic links between the United States and Japan, it is important to develop a better understanding of these links and how they may be turned to the advantage of the two nations and their trading partners by improvements in the international policy environment. This book deals with the potential for such improvements as part of formal government-to-government negotiations in the multilateral context in the World Trade Organization (WTO), regionally in the Asia Pacific Economic Cooperation (APEC) forum, and bilaterally with the administration of national trade laws and the negotiation of free trade agreements.
The chapters represent a spectrum of economic and legal approaches to the evaluation of policies and institutions. The multilateral issues cover the economic effects of a new WTO negotiating round, including reform of Japan's agricultural policies, services liberalization, antidumping, intellectual property rights, and trade and the environment. The regional issues include theoretical and simulation analysis of the benefits of preferential trading arrangements and the APEC policy of open regionalism. U.S.-Japan bilateral relations include analysis of the major actions and positions taken by the two nations in the context of their national trade laws and policies, how their trade policies are implemented, the effects of bilateral trade agreements, and the interplay of legal decisions reached in WTO actions with measures undertaken by the two nations.
The book is designed for a broad audience consisting of academic economists, lawyers, policymakers, and students interested in U.S.-Japan international economic relations.