Japan Scraps US Trip Last Minute Ahead Of PM Modi’s Upcoming Bilateral Summit | World News
Japan canceled a visit to the United States by trade negotiator Ryosei Akazawa and delayed the process of concluding the USD $ 550 billion investment package, which aims to alleviate tariffs imposed by President Donald Trump to the US by Japan.
The journey, which was planned to be held on Thursday, was expected to officially approve the US $ 550 billion package and financial details such as sharing returns between the two countries.
Causes of Cancellation
Add Zee News as a preferred resource
Japanese government spokesman Yoshimasa Hayashi, some problems will still be discussed at the administrative level, the trip was canceled at the last minute, he said.
In accordance with the proposed agreement, the US tariffs about Japanese imports would be reduced from 25% to 15% in exchange for the investment of Tokyo.
PM Modi’s visit to Japan
This will participate in the 15th Indian-Japanese annual summit in front of Prime Minister Modi’s two-day visit to Japan with Japanese counterparts Shigeru Ishiba, while the two leaders will focus on strengthening the ties between the two countries.
Prime Minister Modi will be in Japan for the Shanghai Cooperation Organization (SCO) summit before going to Tianjin between 31 August and 30 August, between 31 August and 30 August.
During the annual summit, the two leaders will review the progress in recent years, discover new opportunities and will receive opinions on important regional and global issues. The agenda also includes the presentation of new initiatives to make the partnership more resistant and adaptable to the difficulties.
15. Agenda of the Annual Summit of India-Japanese
As a part of the program, Prime Minister Modi will go outside Tokyo with the Japanese counterpart, which is seen as the most important point of the visit. Prime Minister Modi is planned to meet other Japanese political leaders, interact with friends of India in Japan, and to participate in a business leaders forum as well as the best sector representatives from both countries to deepen trade, investment and technology partnerships.
This will be Prime Minister Modi’s first independent trip to Japan in almost seven years and the first -year summit with Prime Minister Ishiba.
India-Japanese bonds
In 2018, Prime Minister Modi joined the Indian-Japanese annual summit in 2018. Since then, while visiting Japan, these trips were primarily for multilateral meetings and ceremonial events. This upcoming visit will completely focus on developing the bilateral agenda between India and Japan. Since he took office in 2014, he pointed out his eighth visit to the country and underlines the high priority places on India’s relationship with Japan.
