The Obama administration said Friday it will allow Japan to join 11-nation free trade talks — a blow to U.S. automakers, which have strongly lobbied to keep the world's third largest economy out of the talks.On Friday, the Obama administration said Japan could join the Trans-Pacific Partnership, the talks aimed at creating a free trade zone that would account for 40 percent of the world's economy.
Japan on Friday announced it will more than double the number of motor vehicles eligible for import under its fast-track rules — dubbed the Preferential Handling Procedure — "a simpler and faster certification method often used by U.S auto manufacturers to export to Japan. In the near term, U.S. auto producers will be allowed to export up to 5,000 vehicles annually of each vehicle type under the PHP program, compared with the current annual ceiling of 2,000 vehicles per vehicle type."
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