President Trump Participates in a Signing Ceremony with the Prime Minister of Japan

President Trump Participates in a Signing Ceremony with the Prime Minister of Japan


President Trump: Thank you
very much everybody for being here. I’m honored to be
alongside my great friend, Prime Minister Abe of
Japan, to formally announce our first stage
of a phenomenal new trade agreement with
our close ally. They’ve been a great
friend, and the Prime Minister has been
my great friend. I want to thank Ambassador
Lighthizer for his extraordinary work in
these negotiations. He works 24 hours a day. He never sleeps. (laughter) He’s a
great gentleman. When I first got this job,
everybody was saying, “You got to get Lighthizer. You have to get
Lighthizer.” He’s a great and fine man who also gets
along with the other side, and in particular
with Japan. They’ve developed a really
great mutual respect. I’m grateful as well to
several members of my Cabinet for joining us
this afternoon — and that’s Secretary Mnuchin,
Secretary Ross, Secretary Pompeo. And my thanks also to
Representative Roger Marshall. In a moment, the Prime
Minister and I will sign a document outlining the
significant steps we’re taking toward a fair
and reciprocal trade agreement. We insist on fairness and
we insist on reciprocal — we want reciprocal
agreements from now on because — and I’m not
just talking about Japan. I’m talking about
virtually every nation in the world. They have not
been reciprocal. They’ve been
one-way streets. Under the market access
agreement that we’re announcing today, Japan
will open new markets to approximately $7 billion
in American agricultural products. Japanese tariffs will now
be significantly lower, or eliminated
entirely, for U.S. beef, pork, wheat, cheese,
corn, wine, and so much more. This is a huge victory
for America’s farmers, ranchers, and growers. And that’s very
important to me. And it’s very important
that you report this news, as opposed to not
reporting it, because it’s great for our farmers, as
you know, and ranchers, and for a lot
of other people. We also reached a deal for
robust commitments on $40 billion of digital trade
between our two countries. This will greatly
expand commerce across cutting-edge products
and services. Japan is one of America’s
most important economic partners. We are Japan’s top
foreign investor, by far. And Japanese investments
in America supports hundreds of thousands
of American jobs. The deal we’re announcing
today will reduce our chronic trade deficit
built up and taken effect over many, many years
of dealing with other governments and other
administrations, and it’ll deepen our enduring
national ties. It’s a very
important deal. Our teams will continue
negotiations on remaining areas of interest
to achieve a final comprehensive agreement. We’re negotiating very,
very big transactions with Japan. Some of them — I think
probably all of them in the not-too-distant
future will happen. This is a big chunk. But in the fairly near
future, we’re going to be having a lot more very
comprehensive deals signed with Japan. So this is tremendous for
our technology industries, but in particular, these
are really big dollars for our farmers and
for our ranchers. I want to congratulate
Prime Minister Abe. Not so long ago, he had
a tremendous election victory. He won by a lot, and a lot
of people say that it was only his friendship with
President Trump that got him that tremendous
victory. (laughter) So, Shinzo, I
want to thank you again for your steadfast
partnership. I look forward to
continuing to work closely with you as we pursue
lasting prosperity and peace for our people. And congratulations to
the people of Japan and congratulations on
your great victory. Thank you. Prime Minister Abe: (As
interpreted.) Thank you, Donald. For the past 12 months,
since we have signed the Japan-U.S. joint statement back in
September 2018, we have had strenuous negotiations
between Japan and the United States. And I am very delighted
that today, together with you, we are announcing
final agreement on our trade agreement. One of the highlights of
this new agreement is that under this agreement, we
together, we’ll be able to bring benefit to everyone
in Japan as well in the United States, namely
consumers, producers, as well as workers. So the outcome of this
negotiation is actually a win-win solution for Japan
and the United States. So under the new
agreement, I do believe that we have successfully
covered a wide range of areas, including not only
the industrial goods, but also the agricultural
products and also the digital trade between
the two sides. And I am convinced that
now, with these two agreements in place, we
will be able to develop both economies of Japan
and the United States as we move forward. So, in your first
statement, you applauded the great work done by
Ambassador Lighthizer and also the wonderful
American team. And from my own
perspective, I do share your great applaud for the
American team because they have been very,
very tough throughout the negotiation process. (laughter) And to live up
to your expectation, and also to meet the
(inaudible) between Japan and the United States, I
specifically assigned this important work to now the
Foreign Minister, Foreign Minister Motegi,
and his team. And I am sure that he
did a great job, too. And I do believe that
the outcome of this negotiation is namely the
crystallization of the strenuous and persistent
efforts made by Minister Motegi and his team. And also, I like to
underscore that both Minister Motegi and
Ambassador Lighthizer did take care and also took
into account the national interest of Japan and
the United States, respectively. And now, here we are today
to share this final agreement. And I’m so glad that
Donald also shared my aspiration, and you join
us and join me in making this final judgement —
decision to announce the final agreement on the two
agreements between Japan and the United States. Since your inauguration,
Japan is the number one investor in the
United States. In total of 25.7
billion U.S. dollar investment was
already announced by Japan, which have already
created more than 50,000 jobs for American people. And I am convinced that
when we are to have the entry into force
of the Japan-U.S. trade agreement, as
well as Japan-U.S. digital trade agreement,
we will further galvanize the investment in the two
sides, and also we’ll be able to deepen our
economic relations. So once again, this will
be a win-win outcome for Japan and the
United States. Thank you very much. (applause) (The agreement
is signed.) (applause)

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