USMEF Welcomes the US-Japan Trade DealWed, 25 Sep 2019 16:58:55 CDT
Today President Trump and Japanese Prime Minister Shinzo Abe announced completion of an agreement that will greatly improve access for U.S. red meat in Japan. Key provisions are outlined in this fact sheet from the Office of the U.S. Trade Representative.
U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued this statement:
With Japan being the largest value destination for U.S. pork and beef exports (combined export value in 2018 was $3.7 billion), there is no market more critical to the profitability and prosperity of the U.S. red meat industry. It is therefore imperative that we achieve a level playing field for U.S. pork and beef in Japan, so that the U.S. industry can further expand its customer base in this increasingly competitive market. Today's announcement is not only excellent news for U.S. farmers and ranchers, but also for Japanese consumers who will have greater access to U.S. pork and beef products.
USMEF thanks the Trump administration for prioritizing trade negotiations with Japan and for securing this agreement, which is a major step forward for the U.S. pork and beef industries and for all of U.S. agriculture.
Source: U.S. Meat Export Federation
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