NEWS
US at Disadvantage in Japan Trade Deal
Richard Smith DTN Tokyo Correspondent
Mon Apr 21, 2014 12:05 PM CDT

TOKYO (DTN) -- The trade deal agreed upon April 7 between Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott will put U.S. and other beef exporters to Japan at a disadvantage, unless Tokyo can be persuaded to do away with beef tariffs under the Trans-Pacific Partnership free trade pact.

The trade deal, the first one Japan has agreed upon with a farm-exporting nation, also sets a precedent where Japan can retain partial barriers to farming products it considers sensitive to its own agriculture.

Beef coming into Japan gets hit by a 38.5% tariff. Under the agreement, Tokyo ...

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