It has been announced by the government of Japan that rising imports of frozen beef in the first quarter of the Japanese fiscal year (April-June) have triggered a safeguard, resulting in an automatic increase in Japan’s tariff rate under the WTO on imports of frozen beef from the United States. The increase, from 38.5 percent to 50 percent, will begin August …
Pork Wants U.S. Bilateral Trade Deal with Japan
The European Union and Japan formally agreed to the outline of a free trade deal. America’s pork producers want to know why the U.S. isn’t moving on its own bilateral deal with Japan, the highest value market for U.S. pork exports. A Pork Network Dot Com article says now that the Trans-Pacific Partnership Agreement has gone away, the U.S. needs …
EU Strikes Trade Deal With Japan
U.S. Must Do Likewise, Says NPPC Following the announcement by the European Union and Japan that they have reached agreement in principle on a trade pact, the National Pork Producers Council renewed its request that the Trump administration begin negotiations on a free trade agreement with Japan. “The United States must quickly finalize a trade deal with Japan if it …
European Union Close to Trade Deal with Japan
The European Union and Japanese officials both say they’re close to signing what would be a major free trade deal, which could potentially jump-start other free trade deals. A European Union negotiator says a deal between the two would let the rest of the world know that two of the largest economies are resisting protectionism in favor of openness and …
EU, Japan, Within Reach of Trade Agreement
The European Union and Japan are inching closer to a free trade agreement after years of negotiations. A Ministry official from Japan Told Reuters that “both share understanding that a broad agreement is within reach.” The European Union says the deal will allow for easier access for EU products into Japan, and that its agri-food industry, along with pharmaceuticals, stands …
U.S. Still Likely to Benefit from TPP
The United States stands to benefit from the Trans-Pacific Partnership, even though President Donald Trump withdrew the U.S. from the trade agreement. New Zealand Trade Minister Todd McClay told Radio New Zealand the U.S., and other non-TPP countries, will benefit from the changes to the sharing of pharmaceutical information. However, no added benefits extend to agriculture, which TPP was thought …
Japan Wishes for U.S. to Return to TPP
Japan’s Prime Minister Shinzo Abe said this week he hopes the U.S. will rejoin the Trans-Pacific Partnership (TPP) trade agreement that is worth billions of dollars for U.S. agriculture. Japan is continuing to push to finalize TPP, following Donald Trump removing the U.S. from the agreement. The 11 remaining members have started discussions on how to proceed. Prime Minister Abe …
Pence Talks Trade in Japan
Vice President Mike Pence was in Tokyo on Tuesday, calling for “stronger and more balanced bilateral trade relationships” with countries like Japan and South Korea. A Washington Post article says his comments raise the prospect of trade talks with Japan as well as a look into the current agreement with South Korea. Japan and the U.S. seem to have different …
Japan Taking Lead on TPP Without U.S.
Japan is seeking to revive the Trans-Pacific Partnership (TPP) trade deal without the United States. President Donald Trump in January removed the U.S. from the deal that was estimated to be worth more than $4 billion to U.S. agriculture. Now, Japan is seeking to amend the deal to 11 nations, cutting out the U.S., and moving forward. The Nikkei (Nee-kay) …
Pence, Ross, to Talk Trade with Japan
Vice President Mike Pence and Commerce Secretary Wilbur Ross will travel to Japan to discuss trade later this month. The duo is scheduled to travel to Tokyo on April 18th. The U.S. officials will meet with Japan’s finance, foreign and industry Ministers. Japan is the top export market for the U.S. pork industry, and the National Pork Producers Council has …