U.S. Grains Council Says U.S. - Japan Agreement Will Solidify Our Two Nations' Longstanding PartnershipWed, 25 Sep 2019 12:53:50 CDT
U.S. Grains Council President and CEO Ryan LeGrand issued the following statement Wednesday in response to the deal announced by President Trump between the US and Japan:
The U.S.-Japan agreement announced by the President will solidify our longstanding partnership for the future and create a platform for growth into new sales and new sectors, including the potential for sales of U.S. ethanol.
Japan is one of the largest and most loyal U.S. corn customers, having bought more than $2 billion of U.S. corn in the most recent marketing year. It is an important market for food and feed barley and sorghum. And as a country looking to improve the environmental impact of its fuel, it is an important future market for U.S. ethanol products.
The details revealed today about the trade agreement between the U.S. and Japan show that this pact would bring commodities the U.S. Grains Council represents largely back in line with the Trans-Pacific Partnership Agreement (TPP) and put these commodities on equal footing with other current Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries. This access is welcomed by our members in the U.S. grains production and exports sectors, and we look forward to rapid implementation of the new agreement.
While this is the first in several rounds of agreements yet to come and we hope to see continued improvement in the ethanol sector, this is a good first step. We encourage the administration to pursue broader access for all of agriculture and we move forward with our partner, Japan.
Source - The U.S. Grains Council
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