With that anniversary, and with stockmarkets teetering at dizzy heights, the renewed tradefrictions between America and Japan are therefore cause for concern.
And we emphasized other additional ways that we can encourage trade and reduce economic frictions between the two sides of the transatlantic relationship.
We have agreed to address a set of next-generation trade issues, including removing frictions in the global supply chains, helping small and medium-size enterprises grow and better plug into the global trading system, and adopting smart, market-oriented innovation policies.
Frictions will also emanate from trade negotiations India was blamed, along with China, for the collapse of the latest meeting of the Doha round of world trade talks in late July this year.