U.S. beef in danger of losing Japan trade to Australia

U.S. beef in danger of losing Japan trade to Australia

TPP will help level playing field

The USDA’s Economic Research Service in a recent report, “Tariff Reforms and the Competitiveness of U.S. Beef in Japan,” said the United States is at risk of losing $100 million in beef exports to Japan as a result of the Japan-Australia Economic Partnership Agreement that took effect last year.

Under the trade agreement, Japan will reduce tariffs for Australian beef over a 15-year period. When the agreement is fully implemented and no other events intervene to influence trade, Australian beef exports to Japan would increase by $100 million while U.S. beef exports to Japan would drop by $100 million. The Trans-Pacific Partnership trade agreement would level the playing field and ERS projects a $130 million net gain for U.S. beef.

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