Us Japan Trade Agreement Beef

U.S. Trade Representative`s Office. FACT SHEET on Agriculture-Related Provisions of the U.S.-Japan Trade Agreement. Available online: USTR also published the full text of the agreement online, as well as these incidental letters of interest: NCBA President Jennifer Houston reiterated the U.S. beef company`s appreciation. “There`s no other way to say it: this is a huge victory and a great day for beef producers and Japanese consumers.” With the USJTA, the United States has reached a joint agreement with the CPTPP and EU countries on beef exports to Japan. Whether the outcome of the U.S. beef industry will be significantly different from what would have happened if the U.S. had not left the TPP remains on the agenda.

While U.S. multinational beef trades expect economic benefits from the new bilateral agreement between the United States and Japan, the USJTA may not have had as much impact as hoped. For example, in 2018, the United States exported 401,653 tonnes of beef to Japan (U.S. Department of Agriculture, 2019d). This amount exceeds the USJTA`s protection value of 242,000 tonnes for imports of Japanese beef (Office of the U.S. Trade Representative, 2019b). Once triggered, a higher rate occurs. With exports already exceeding the level of protection, Kaneko, Sieg and Polansek (2019) warned that the agreement could not significantly boost U.S.

beef exports to Japan at this time. However, the agreement at least supports U.S. access to the Japanese market. The United States is preparing for the U.S.-Japan trade agreement and the U.S.-Japan Digital Agreement to enter into force on January 1, 2020. As agreed by President Trump and Prime Minister Abe, the two governments will begin consultations early next year to begin new negotiations for a broader trade deal, Lighthizer said. Once implemented, the agreement will restore the terms of beef and pork in the United States to Japan and reduce tariffs at the same rates as those currently paid by suppliers of the Global and Progressive Partnership (CPTPP) and the European Union under their respective agreements. Halstrom, President and CEO of the U.S. Meat Export Federation (USMEF), said that with the trade agreement now approved by the Japanese Parliament between the United States and Japan, the U.S. beef and pork industry looks forward to expanding opportunities in Japan, which is already the main value target for U.S.

pork and beef exports (the combined value of exports in 2018 was $3.7 billion). “In addition to the benefits to the U.S. industry, Japanese consumers will now have more affordable access to a wider range of U.S. products.” U.S. Trade Representative`s Office. 2019c. U.S.-Japan Trade Agreement: Side Letter on Beef. Available online: President Trump and Prime Minister Abe agreed that these initial results will be followed by further negotiations to address the remaining areas of interest to any government.