Pence announced the launch of trade negotiations with Japan

© AFP 2018 / Zurab KurtsikidzeВице-President Mike Pence. Archival photoPence announced the launch of trade negotiations with Japan© AFP 2018 / Zurab Kurtsikidze

The U.S. will soon begin to change trade deals with Japan, said the Vice-President of the United States, Mike Pence, speaking at the APEC CEO summit.

«The United States will soon begin negotiations on a trade deal with the fourth — largest economy- Japan. I am also pleased to announce that the United States is already in negotiations with another member of APEC. We just started him,» said Pence.

Following the talks, U.S. President Donald trump and the Prime Minister of Japan Shinzo Abe in September, it was decided that the discussion of a bilateral trade agreement will commence, once completed the necessary procedures in each of their countries.

Trump noted the importance of mirror trading and reduce trade deficit, and Abe stressed the importance of free, fair and rules-based trade.

In addition, the parties undertook to strengthen cooperation in protecting their companies from the actions of third countries that do not meet the rules of market trading as well as to make efforts for an early solution of issues related to trade charges.