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Japan auto lobby says hopes NAFTA will keep current framework

Published 2018-09-19, 11:47 p/m
© Reuters.  Japan auto lobby says hopes NAFTA will keep current framework
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TOKYO, Sept 20 (Reuters) - Japan's automakers association said on Thursday it hoped that the North American Free Trade Agreement would maintain its current framework as the United States, Canada and Mexico update the trade pact amid growing trade tensions between the United States and its trading partners.

"Japanese automakers' businesses in North America are based on the NAFTA framework, and that framework is based on a three-party agreement," said Akio Toyoda, chairman of the Japan Automobile Manufacturers Association (JAMA) who is also president of Toyota Motor Corp 7203.T .

"We hope that framework continues this way, and that it remains well-balanced."

In a statement, JAMA also said it was concerned about the impact of higher U.S. tariffs on auto imports, which Washington has threatened.

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