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US and Japan to begin trade talks today

US and Japan to begin trade talks today

Preliminary trade negotiations between the US and Japan are

scheduled to begin today. 

Japan is the largest value market for US beef and pork and US

Meat Export Federation president and CEO Dan Halstrom says rapid progress on

these talks is extremely important.  “Even

though we are setting records today on beef into Japan, we are at a severe

disadvantage because we are not part of the CPTPP,” he says.  “With the most recent decrease in duties for

the CPTPP countries being April 1st – each we that we go we will become

more of a disadvantrage.”

Japan imposes an import duty of 38.5 percent on US beef, while the rate for countries that are part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is 26.6 percent and is set to decline to 9 percent over the next 14 years.

Continue reading US and Japan to begin trade talks today at Brownfield Ag News.