US-Japan Deal Looks to Boost Export Control 'Alignment'
The U.S.-Japan trade framework released by the White House last week includes commitments to increase cooperation on export controls and investment restrictions, according to a fact sheet.
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Both countries are "committed to enhancing economic and national security alignment to bolster supply chain resilience and innovation through complementary action to address non-market policies of third parties," the White House said, which includes collaboration "on investment security and export controls." The fact sheet also said Japan will make new investments in the U.S. to fund projects in sectors that "advance U.S. national and economic security, including semiconductors, pharmaceuticals, metals, critical minerals, shipbuilding, energy (including pipelines) and artificial intelligence/quantum computing."
In addition, Japan agreed to buy $8 billion of U.S. agricultural exports -- including corn, soybeans, fertilizers, bioethanol and aviation fuel -- and will buy more U.S. liquified natural gas, rice, cars and trucks.