Japan, U.S. agree to launch auto trade talks

TOKYO - Japan and the United States agreed on Oct. 18 to launch a new round of bilateral auto trade talks.

Economy, Trade and Industry Minister Takeo Hiranuma CQ and U.S Trade Representative Robert Zoellick CQ concluded in Shanghai, China an agreement that the two countries will start the annual meeting of Automotive Consultative Group (ACG).

The date of the first meeting hasn't yet been set, said a Japanese government official. The ACG talks are expected to aim to ease deregulate on the both sides. The discussions follow up on the 1995 bilateral auto trade accord that expired at the end of last year.

"I expect Japan and the United Sates to deepen further the mutual understanding of the automotive industry through the new round of talks," Hiroshi Okuda CQ, chairman of Japan Automobile Manufacturers Association, said in a statement.

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