Japan Automobile Manufacturers Association prefer FTA, low tariffs on automobiles

The move is aimed at maintaining the chinks in the well-oiled, tried and tested global automobile supply chain. U.S. demands for changes in NAFTA could significantly impact automakers and autospare makers.

On Friday, an association of Japanese automakers stated, it hoped Japan’s export partners would stick to existing free trade relationships and keep tariffs on automobiles low. The move could strengthen and promote transparent trade.

“The global auto industry has a complex supply chain, so we hope to see regulations that will allow for free trade,” said Seiichi Nagatsuka, executive member of the Japan Automobile Manufacturers Association.

“Tariffs should be low and rules should be established to maintain trade transparency.”

The U.S. is one of the biggest auto markets for Japan.

Japanese automakers have plants in the U.S., Canada and Mexico.

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