NCC Applauds Signing of US-Trade DealWed, 25 Sep 2019 16:50:51 CDT
The United States and Japan outlined initial details of a trade deal today as the countries work on details of a broader agreement in the coming months.
Under the agreement, frozen U.S. poultry will be among the agricultural products that will benefit from staged tariff elimination.
"Under the U.S.- Japan Trade Agreement, frozen chicken products will receive favorable tariff reductions enabling our products to compete more effectively with those countries in the Trans-Pacific Partnership," said National Chicken Council President Mike Brown.
"While final details regarding agriculture still need to be worked out, today's signing is welcome news and we would like to thank President Trump, Secretary Perdue and Secretary Lighthizer for their work negotiating trade deals that stand to benefit U.S. chicken."
According to USDA, U.S. chicken exports to Japan in 2018 were 19,265 metric tons valued at $32.5 million. Fully removing tariffs would stand to benefit the U.S. industry and lead to increased exports of U.S. chicken products.
Source: National Chicken Council
WebReadyTM Powered by WireReady® NSI
Top Agricultural News