VP Pence thanks corporate Japan for boosting US growth

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Vice President Mike Pence said on Tuesday that the United States government will review the Free Trade Agreement (FTA) signed in 2012 with South Korea, a media report said.

A Japanese official says a difference in approach remains with the US despite an agreement on a framework for new bilateral economic talks.

U.S. Commerce Secretary Wilbur Ross, who met with Japan's trade minister, Hiroshige Seko earlier Tuesday, said he hopes to soon begin talks on a free trade agreement with Japan.

After meeting Prime Minister Shinzo Abe and other top Japanese officials, U.S. Vice President Mike Pence is ending his first day in Tokyo with a visit to an ancient Buddhist temple.

"Most concerning is the fact that the US trade deficit with South Korea has more than doubled since the KORUS came into effect".

Indonesia is on President Donald Trump's trade hit list, and a US company that operates the world's largest copper mine in the Indonesian province of Papua is in a protracted dispute with the Indonesian government.

Pence told reporters President Donald Trump was confident that economic and diplomatic pressure from the "family of nations" had a chance of compelling North Korea to cooperate.

In talks with Aso, Pence was expected "to push for greater access to Japan's markets for U.S. companies, and for more Japanese investment in the U.S.", Anthony says.

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But the meetings could indicate how forcefully the US will pressure Japan to further open its farm and automotive sectors.

Chief Cabinet Secretary Yoshihide Suga told reporters over the weekend that Japan might push ahead with a revised, 11-nation version of the TPP despite the USA rejection of the trade accord.

He also said, "We are with you 100 percent", adding that the USA always seeks peace.

The vice president is on a 10-day tour of Asia.

The Latest on U.S. Vice President Mike Pence's trip to Asia (all times local): 12:15 p.m. U.S. Vice President Mike Pence has arrived in Japan for the second stop of a 10-day Asia tour.

His plane touched down Tuesday at the USA military's Atsugi base outside Tokyo.

Australian Foreign Minister Julie Bishop urged China on Thursday to do more to help out in the global effort to pressure and persuade North Korea to stop escalating nuclear and missile threat.

"Our businesses continue to face too many barriers of entry which tilted the playing field against the American workers and American growth", Pence said.

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