ABSTRACT

U.S. - Japan Economic Relations: Significance, Prospects, and Policy Options [Updated April 9, 2008]   [open pdf - 181KB]

"The relative significance of Japan and the United States as each other's economic partner has diminished somewhat with the rise of China as an economic power, and with U.S. economic ties with Canada and Mexico deepening as a result of the North American Free Trade Agreement (NAFTA). Nevertheless, analyses of trade and other economic data suggest that the bilateral relationship remains important, and policy leaders of both countries face the challenge of how to manage it. Issues regarding U.S.-Japan economic relations may emerge on the agenda of the 110th Congress. U.S. and Japanese leaders have several options on how to manage their relationship including stronger reliance on the World Trade Organization; special bilateral negotiating frameworks and agreements; or a free trade agreement. Each option has its advantages and drawbacks and they are not necessarily mutually exclusive. This report will be updated as events warrant."

Report Number:
CRS Report for Congress, RL32649
Author:
Publisher:
Date:
2008-04-09
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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