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Press Conference by Minister Seko (excerpted version)

*Note: This is a provisional translation for reference purpose only.

10:54 - 11:09 a.m.
Tuesday, July 24, 2018
Press Conference Room, METI

Question-and-Answer Session

US Import Restrictive Measures on Automobiles

Q: At the public hearing on the 19th by the US Department of Commerce regarding auto tariffs, strong concerns were reiterated by relevant countries and US industries. Could you tell us how Japan will work in order to avoid invoking any measures?

A: At the public hearing by the Department of Commerce, I heard that there were also many objections to auto tariffs, not only from foreign countries, but US industries as well. I hope that the US government will respond to these concerns from within the US.
 As for Japan's position, we believe that Japanese automobiles/auto parts manufacturers and car dealers are making significant contributions to the US economy, and if trade restrictive measures are invoked, the US itself will suffer damage and adversely affect the global economy. We also believe that any trade measures should be consistent with the WTO Agreement.
 We would like to continue to work hard on this issue by explaining our position through various opportunities and at various levels, in order to avoid trade restrictive measures.

Sakhalin-1 Project

Q: It is reported that Russia's major oil producer, Rosneft, has filed a lawsuit against five companies ordering them to pay 89.1 billion rubles, alleging that they have unrightfully gained income from the “Sakhalin-1 Project” off the coast of Sakhalin Island. Japanese resource development companies backed by public-private investment are included among the accused.
 Could you outline facts that METI, who is one of the players involved in the project, has got? What is the purpose and intention of Rosneft?

A: The Sakhalin-1 Project is very important for Japan. First I would like to make efforts to attain the facts and closely monitor the discussions and developments among the parties concerned.


Last updated:2018-11-21