TOKYO -- Toyota Motor, Honda Motor, Denso and six other Japanese automotive companies will cooperate in applying for reduced tariffs under free trade agreements Japan has signed with other countries and territories, Nikkei has learned.
Exports to economies which have free trade or economic partnership agreements with Japan are qualified for reduced tariffs under specific conditions, but the research required to apply can take as long as 11 months, thus delaying the start of the benefits and costing companies money.
