Description: The European Community (EC) and Japan reached an agreement on trade in automobiles in July 1991. The agreement restricts exports of automobiles from Japan to the EC to 1.23 million cars per year until the end of 1999. The Commission of the European Communities estimates that Japanese transplant production in the EC will amount to 1.2 million cars per year in 1999. The Japanese appear to concur with this estimate but do not agree that it constitutes a cap on transplant investment or production. Whether the agreement covers the export of U.S.-built Japanese transplants to the EC is unclear. If the agreement covers, or has the effect of discouraging, such exports, it would be a cause for concern for U.S. policymakers. U.S. trade officials have reportedly discussed the issue with Japanese counterparts. It is unknown whether U.S. concerns have been addressed to European Community (EC) officials.

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Description: On June 28, 1995, the United States and Japan reached a settlement in a long-running dispute over access to Japan's market for automobiles and parts. 100-percent tariffs by the United States on imports of luxury cars from Japan had been threatened under a Section 301 unfair trade practices case dealing with the aftermarket for autoparts in Japan. This report describes the dispute, the settlement, and questions and issues that still remain.

Description: A rationale for federal financial support to Amtrak has been that rail service conserves energy, compared to other forms of intercity passenger transportation. The numbers presented in this report suggest that the rationale might not be valid with regard to some alternative modes of transportation, and the report discusses some public policy implications that could follow from that conclusion.