date:Apr 15, 2013
an into the trade talks, the two countries agreed that US tariffs on imports of Japanese motor vehicles will be phased out, while Japan will more than double the number of automobiles eligible under the country's Preferential Handling Procedure (PHP). The change will make it easier for the US to export automobiles to Japan. US automakers also will be allowed to export up to 5,000 vehicles annually, an increase from the current amount of 2,000 vehicles.
Additionally, the deal allows for parallel