Business leaders call on US to return to CPTPP

Business leaders from Japan and the US are calling on Washington to return to the CPTPP free trade pact, among other proposals.

The leaders issued a joint statement to their governments after their 2-day online Japan-US Business Conference. About 60 executives took part in the annual meeting.

Hirano Nobuyuki, the chairman of Japan-U.S. Business Council said, "The business circles of Japan and the US are together urging Washington to go back to the CPTPP. That's a great step forward."

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership has 11 members, including Japan. The pact took effect in 2018. That was after the US pulled out of the negotiations.

The business leaders have also acknowledged the importance of cutting carbon emissions.

But they want their governments to introduce reduction measures gradually to limit the impact on industry.

They're also asking them to provide a clearer explanation of export regulations for advanced technology.