Friday, September 16, 2005

Trade: Japan and Mexico fail to agree on chicken tariffs

Japan and Mexico have failed to agree on a cut in Japanese tariffs on exported Mexican chicken meat.

The two countries have met in Paris to negotiate specific tariff levels under their bilateral free-trade agreement. The FTA requires the tariffs be cut by at least 10 percent.

Mexico called for a substantial tariff cut above that minimum, but Japan wants to limit the scale.