US Grains Council Appreciates Progress on US-Japan Trade DealMon, 26 Aug 2019 13:41:31 CDT
A statement from U.S. Grains Council (USGC) President and CEO Ryan LeGrand:
"The U.S. Grains Council is encouraged by the news of an agreement in principle between the U.S. and Japan on agricultural market access. While there are details yet to be worked out, lowering market access barriers with one of our most valuable and loyal grain buyers is a critical win-win.
"Combined with reductions or eliminations in agricultural tariffs that coincide with those under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Japan Economic Partnership Agreement (EU-Japan EPA), a new agreement with Japan will allow our farmers a level playing field with our competitors.
"Japan is a deeply valued trading partner for U.S. grain farmers, currently the second largest buyer of U.S. corn and a significant buyer of U.S. sorghum and U.S. barley for food and feed purposes. Japan is also a partner with which we hope to build a growing ethanol market.
"We look forward to reviewing the final provisions announced this weekend and continue to support the completion of a comprehensive agreement that will include the enhanced sanitary and phytosanitary, good regulatory practices and precedent-setting biotechnology provisions strengthened under the U.S.-Mexico-Canada Trade Agreement (USMCA)."
Source- US Grains Council
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