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Agricultural News


NCBA Praises Important Step Forward in Trade with Japan, on Behalf of American Beef Producers

Wed, 25 Sep 2019 13:09:24 CDT

NCBA Praises Important Step Forward in Trade with Japan, on Behalf of American Beef Producers National Cattlemen’s Beef Association (NCBA) President Jennifer Houston today issued the following statement in support of a bilateral trade agreement between the United States and Japan that will lower Japan’s massive tariffs on U.S. beef:



“Japan is the number one export market for U.S. beef, accounting for one quarter of our exports. The only way for U.S. beef producers to remain competitive in our leading export market is to remove trade barriers through a bilateral trade agreement with Japan. NCBA thanks President Trump for his continued support in removing trade barriers on U.S. beef, and we encourage the United States and Japan to sign and implement the bilateral trade agreement as soon as possible.”



Houston hailed today’s announcement as an important step forward for the U.S. beef industry. “For the past few years, U.S. beef producers have benefitted greatly from growing demand for U.S. beef in Japan. While Japanese consumers enjoy high quality U.S. beef, they unfortunately pay a higher price for U.S. beef due to the massive 38.5 percent tariff. Removing that tariff allows more Japanese consumers to enjoy more U.S. beef at a more competitive price. Today’s announcement is welcome news for American families who produce U.S. beef and Japanese families who purchase it.”



Houston praised the Trump Administration for prioritizing trade negotiations with Japan. “President Trump answered the call and took on the difficult task of expanding access to Japan for U.S. beef exports. America’s ranchers are incredibly thankful for the leadership of President Trump and the yeoman’s work of Ambassador Lighthizer and his team whose diligent work and tough negotiating will benefit generations of U.S. beef producers.”



BACKGROUND



In 2018, Japanese consumers purchased $2.07 billion of U.S. beef. Currently, U.S. beef faces a massive 38.5 percent tariff in Japan, while our competitors from Australia, Canada, Mexico, and New Zealand face a 26.6 percent tariff. Leveling the playing field in Japan is a top priority for the National Cattlemen’s Beef Association.



Source - National Cattlemen's Beef Association




   

 

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