Despite the TPP competition, Japan remains a major importer of U.S. beef.Japan Still Big Importer of US Beef, Despite TPP Competition Canada and New Zealand benefited from TPP tariff cuts, but the United States and Australia still dominate Japan’s beef import market.Lower tariffs have increased beef imports to Japan from other countries under the Trans-Pacific Partnership, including New Zealand and Canada. With the entry into force of the Trans-Pacific Partnership Agreement at the end of 2018, beef tariffs were reduced from 38.5% to 27.5% and further lowered to 26.6% in April 2019.Treasury trade figures show New Zealand beef imports rose 46.4% to 1,0101 tons from January to June 2019 after the TPP took effect, while Canadian beef rose 93.3% to 1,7285 tons. These are both significantly increased figures.Comparison of Japanese beef imports before and after TPP
Imports from the U.S., which withdrew from the TPP, rose only 5.3 percent, but from a long-term statistical perspective, this is by no means fatal to American farmers.U.S. and Australian beef have long accounted for about 90 percent of Japan’s imports. Although the TPP has opened the market slightly, U.S. beef imports have maintained a 40 percent share in 2019, with the United States and Australia continuing to dominate the market.The United States is concerned about the long-term impact of its withdrawal from the TPP, and has reached a basic bilateral trade agreement to receive tariff cuts equivalent to those of Japan.If the distribution of reasonably priced imported meat increases due to tariff cuts, Japanese livestock farmers will have to work harder to become competitive.
Despite the TPP competition, Japan remains a major importer of U.S. beef.” | | Nippon.com
Despite the TPP competition, Japan remains a major importer of U.S. beef, Canada and New Zealand, benefit from the TPP’s tariff cuts, while the U.S. and Australia continue to control Japanese beef imports. market.www.nippon.com
Despite the TPP competition, Japan remains a major importer of U.S. beef, Canada and New Zealand, benefit from the TPP’s tariff cuts, while the U.S. and Australia continue to control Japanese beef imports. market.www.nippon.com
Despite the TPP competition, Japan remains a major importer of U.S. beef, Canada and New Zealand, benefit from the TPP’s tariff cuts, while the U.S. and Australia continue to control Japanese beef imports. market.www.nippon.com