The US and Japan have a once-in-a-lifetime opportunity to liberalise their tightly-regulated airline market, according to proponents of a proposed "open-skies" deal, Dow Jones reported.
Negotiators started three days of talks in Washington DC aimed at paving the way for a new pact by the end of the year to replace a decades-old agreement that limits trans-Pacific passenger and cargo services.
Some fear that an accord could be heavily weighted in favour of Japanese carriers after its negotiators recently reversed long-held opposition to a more liberalized deal, according to people familiar with the discussions.
Japan had previously resisted loosening the existing pact governing a highly-prized international market driven by business traffic.
Cargonews Asia
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