None

On June 4, 1991, the United States and Japan agreed to a five-year arrangement to open Japan,s market to U.S.-origin semiconductor devices, replacing a 1986 agreement that was due to expire. Unlike other U.S.-Japanese trade agreement, the U.S.-Japanese Semiconductor Arrangement stipulates a quantifiable objective (20 percent of the Japanese market for foreign-produced semiconductors). It is often identified by those who want the United States to undertake a "results-oriented" trade policy toward Japan as a model for future US.-Japanese trade agreements. The semiconductor arrangement raises several questions for U.S.- Japanese trade and U.S. trade policy: Has its achieved its objectives? Should the agreement be used as a model for resolving other U.S.- Japanese market access disputes?

The Pacific Northwest is a major exporter of unprocessed softwood logs to foreign countries, such as Japan, that are often sold at premium prices. Consequently, some local mills have had difficulty obtaining unprocessed logs, which has contributed to the loss of timber industry jobs in the Pacific Northwest. Thus, many believe that exporting logs is the economic and moral equivalent of exporting U.S. jobs.