## 3 Decision on the comprehensive TPP-related policy principles

○ TPP negotiations took five and half years to reach an agreement in principle, producing a giant economic bloc covering more than 800 million people in the 12 participating countries. While the TPP is expected to bring about various benefits for livelihood and business operations in Japan, there also have been concerns over the TPP. Therefore, the government must provide careful explanations on details of the TPP agreement and take comprehensive measures for allowing agricultural, forestry and fisheries products to be maintained and for developing strong agriculture, forestry and fisheries into growth industries.

To this end, the TPP Task Force at its meeting in November 2015 decided the comprehensive TPP-related policy principles.

☐ Funds are earmarked in the FY 2015 supplementary budget for measures required to be urgently implemented.

## Comprehensive TPP-related policy principles

• The economic partnership covers an economic bloc with an unprecedented size accounting for about 40% (3,100 trillion yen) of global GDP, producing a giant market with 800 million people. The TPP is a trump card for Abenomics.

• These Policy Principles clarify goals of policies necessary to link the effects of the TPP to Japan’s economic and regional revitalization as well as policy to sweep away the concerns about the TPP’s impacts among Japanese people.

• Major policies given in the principles, including existing ones, will be continuously checked and reviewed. Specific details of strategies to further develop agriculture, forestry and fisheries into growth industries, and policies to further promote overseas operations, business expansion and productivity improvement for Japanese industries will be prepared by the autumn of 2016.

• In conjunction with the principles, the government will try to provide the people with accurate, thorough explanations and information and will expend all possible means to sweep away insecurity and concerns about the TPP’s impacts.

## New big exporter

##

provide information and counseling

O’Raise awareness and proliferate

information about the TPP

O Establish a counseling system for second-tier, medium and small-sized companies

2 Supporting the development of new markets and the building of global value chains

O $ ^{Drastically} $ strengthen the mechanism to provide comprehensive support to second-tier, medium- and small-sized companies to help them develop new markets (“New big exporter” consortium)

O $ ^{Promote the export of contents, services, technologies, etc.} $

O $ ^{Strategically} $ promote the export of agricultural, forestry and fisheries products, as well as foodstuffs

O $ ^{Promote} $ the export of infrastructure systems

O Improve business environments in countries where Japanese companies operate

## Global hub

## (International core base for trade and investment)

##

1 Measures to ensure that TPP-stimulated expansion of trade and investment leads to a rejuvenated domestic economy

O $ ^{E} $ nsure higher productivity through innovation and collaborations between companies or industries

○ Promote foreign investment in Japan

2 Boosting the “earning power” of regions

O Spread regional information

O Bring together and brand regional resources

##

Enhance a monitoring and guidance system for food imports, labelling of origin of ingredients

Take measures required for patents, trademarks and copyrights

OFacilitate the utilization of copyrighted works

## Source: TPP Task Force, Cabinet Secretariat

## New agriculture policy age

##

1 Develop agriculture, forestry and fisheries into proactive

○ Nurture business persons with an excellent business sense to shoulder the next generation

O $ ^{Promote} $ innovation in internationally competitive production areas

O $ ^{Promote} $ a comprehensive project to enhance the profitability of the livestock raising and dairy sector

O $ ^{Explore} $ demand frontiers for the export of high-qualityagricultural, forestry and fisheries products

OEnhance the international competitiveness of plywood and lumber

OSwitch to sustainable, highly profitable business arrangements

O $ ^{E} $ nance cooperation with consumers, reform regulations and the tax system

## 2 Make preparations to ensure stable business management and supply (five key products)

O $ ^{®} $ Rice (Review government-stockpiled rice)

O $ ^{®} $ Wheat (Steadily implement farming income stabilization measures)

O $ ^{®} $ Beef/pork, dairy products (Stabilize and expand the livestock raising and dairy sector)

O $ ^{S} $ weetening resources crops (Subject the crops to adjustment money)