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.
Date: January 27, 1992
Creator: Harrison, Glennon J
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department