[Title] The Statement of U.S.-Japanese Conflict on Automobile and Auto Parts Trade, Joint Announcement on Dealerships by Mr. Ryutaro Hashimoto, Minister of International Trade and Industry and Mr. Michael Kantor, United States Trade Representative
Joint Announcement on Dealerships by Mr. Ryutaro Hashimoto, Minister of International Trade and Industry and Mr. Michael Kantor, United States Trade Representative
1. The U.S. Government expects that the combination of implementing the Measures under the automotive Framework and the intensified efforts of the U.S. vehicle manufacturers will lead to a significant increase in the sales opportunities for U.S. vehicle manufacturers in Japan. Specifically, the U.S. Government envisions an increase of direct franchise agreements between U.S. vehicle manufacturers and Japanese dealers that will result in approximately 200 new sales outlets by the end of 1996 and Increasing to a total of approximately 1,000 new sales outlets by the end of 2000.
2. Minister Hashimoto said that the Government of Japan has had no involvement in this forecast because it is beyond the scope and responsibility of government. Minister Hashimoto said that these forecasts are solely those of the Government of the U.S.