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Suzuki launches Made in India Baleno in Japan

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New Delhi: Japanese automobile company Suzuki Motor Corporation on Wednesday launched the Made in India Baleno in Japan, said its Indian subsidiary Maruti SuzukiIndia Ltd.

Maruti Suzuki India said the Baleno model is rolled out only in India at its Manesar facility in Haryana.

Since its Indian launch last year, Maruti Suzuki India has sold over 38,000 units of Baleno cars in domestic market and plans to export it to more than 100 countries, the company said.

“A landmark moment like this is a true testimony to the success of Indian government’s ‘Make in India’ campaign. Launch of ‘Made in India’ Baleno in Japan is a proud moment for all of us.

“This reaffirms Maruti Suzuki’s manufacturing potential and growing importance of Maruti Suzuki India Limited in Suzuki Motor Corporation’s global business strategies. I am confident our Baleno would be well accepted by Japanese customers as well,” managing director and CEO Kenichi Ayukawa said. (IANS) (Image Courtesy:rushlane.com)

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Donald Trump Negotiates Trade Deal With Japan

Trump to negotiate the trade deal with Japan

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Donald Trump.
To Lower Drug Costs at Home, Trump Wants Higher Prices Abroad. (Wikimedia Commons)

The US President Donald Trump announced on Wednesday he is negotiating a bilateral trade agreement with Japan and that his country would only re-enter the Trans-Pacific Partnership (TPP) if its member countries offered him a deal he could not refuse.

“I don’t want to go back into TPP. But if they offered us a deal I can’t refuse on behalf of the US, I would do it. In the meantime, we are negotiating, and what I really would prefer is negotiating a one-on-one deal with Japan,” Donald Trump said at a press conference with Japanese Prime Minister Shinzo Abe.

However, Abe stressed his country’s position towards the TPP, saying that it “is the best for both countries,” although he acknowledged the US’s interest in a bilateral trade deal, Efe reported.

Trump said that should his country reach a trade agreement with Japan, there will be talks about the possibility of ending tariffs on steel and aluminum imports, a move that Washington introduced in March to a number of countries, including Japan.

Donald Trump and Shinzo Abe.
U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe.

Trump added that his primary concern at the moment is the “massive” trade deficit with Japan, which amounted to “from $69 billion to $100 billion a year.”

In fact, the trade deficit with Japan last year stood at $69 billion, far from the $100 billion that the US President claimed, according to the official figures by the US Department of Commerce.

The two leaders made these announcements in a joint press conference at the tycoon’s private club Mar-a-Lago in Palm Beach, Florida, where Abe arrived on Tuesday to have meeting with Trump on his four-day visit to the US.

Also Read: China And Russia Accused of Manipulating Their Currencies By Trump

Last week, the White House announced that Trump had asked the US foreign trade representative Robert Lighthizer and the economic adviser Larry Kudlow to “take another look at whether or not a better deal (with the TPP) could be negotiated.”

However, Trump has shown little interest in negotiations that would further complicate the matter, since the other 11 countries that negotiated the original TPP, with the then Barack Obama administration, have already signed their own multilateral deal, the so-called Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), or TPP-11.

Shinzo Abe
FILE IMAGE- Shinzo Abe.

On the other hand, during this four-day visit Abe has a special interest in getting an exemption for Japan from the 10 per cent and 25 per cent tariffs that the Trump administration imposes on aluminum and steel imports, respectively.

Trump has granted a temporary exemption until May 1 to Argentina, Australia, Brazil, Canada, Mexico, South Korea and the European Union.

Also Read: White House Denies Any Direct Talks Yet Between Trump And Kim

Japan has been left out of the exempted countries despite being one of the US’s major allies, and for that reason Abe is trying to make use of his visit to secure a place on that list, although Japan barely produces aluminum and the amount of steel exported to the US stands at only around 5 percent of its total steel exports.  IANS