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Trade Service
S.
and Japanese governments have reached an agreement to raise the trigger level of Japan’s safeguards for the beef
industry and help meet Japan’s growing demand for U.
S.
beef .
The Office of the U.
S.
Trade Representative (USTR) and the U.
S.
Department of Agriculture also noted that the agreement would reduce the likelihood of higher tariffs on U.
S.
beef from Japan
.
The U.
S.
Agriculture Secretary said the agreement is good news for U.
S.
farmers and ranchers and supports further growth in U.
S.
beef exports to the Japanese market
.
S.
Trade Representative (USTR) and the U.
S.
Department of Agriculture also noted that the agreement would reduce the likelihood of higher tariffs on U.
S.
beef from Japan
.
The U.
S.
Agriculture Secretary said the agreement is good news for U.
S.
farmers and ranchers and supports further growth in U.
S.
beef exports to the Japanese market
.
The agreement adds three triggers that Japan must meet to implement market safeguards and impose higher tariffs
.
.
Trigger conditions include:
Imports of U.
S.
beef must exceed the original beef safeguard trigger level in the U.
S.
-Japan trade agreement;
S.
beef must exceed the original beef safeguard trigger level in the U.
S.
-Japan trade agreement;
Total beef imports from the United States and original signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) must exceed the safeguard requirements for CPTPP beef;
· Beef imports from the U.
S.
must exceed the total amount of beef imported from the U.
S.
in the previous year
.
S.
must exceed the total amount of beef imported from the U.
S.
in the previous year
.
Global sales of U.
S.
beef products reached $10 billion last year, making it the world's largest beef exporter
.
Among them, US beef exports to Japan totaled nearly $2.
4 billion
.
S.
beef products reached $10 billion last year, making it the world's largest beef exporter
.
Among them, US beef exports to Japan totaled nearly $2.
4 billion
.
After the deal was finalized, the United States Meat Exporters Federation (USMEF) issued a positive statement on the deal
.
.
"USMEF is very grateful to USTR and USDA for their efforts to strengthen Japan's protection of U.
S.
beef," said USMEF President and CEO
.
“The U.
S.
-Japan trade agreement is a breakthrough for the U.
S.
meat industry, including a significant reduction in Japanese tariffs on U.
S.
beef, but the playing field has not yet fully opened up because of this safeguard
.
The changes announced today reduce the impact of market safeguards on the beef business.
potential impact and reduce its uncertainty for U.
S.
exporters and their customers in Japan
.
"
S.
beef," said USMEF President and CEO
.
“The U.
S.
-Japan trade agreement is a breakthrough for the U.
S.
meat industry, including a significant reduction in Japanese tariffs on U.
S.
beef, but the playing field has not yet fully opened up because of this safeguard
.
The changes announced today reduce the impact of market safeguards on the beef business.
potential impact and reduce its uncertainty for U.
S.
exporters and their customers in Japan
.
"
The trade association added that U.
S.
beef exports to Japan in 2021 exceeded 320,000 tons, a new record of $2.
38 billion
.
However, U.
S.
beef was slapped with higher tariffs than rivals for 30 consecutive days from mid-March to mid-April after imports exceeded the guaranteed amount
.
S.
beef exports to Japan in 2021 exceeded 320,000 tons, a new record of $2.
38 billion
.
However, U.
S.
beef was slapped with higher tariffs than rivals for 30 consecutive days from mid-March to mid-April after imports exceeded the guaranteed amount
.
The NCBA Association also welcomed the USTR news and what it means for U.
S.
beef producers
.
"While the details of the agreement in principle have not been disclosed, the NCBA is encouraged that today's announcement means we are taking the necessary steps to ensure that a long-term solution to the Japanese market can be obtained so that U.
S.
cattle producers can continue to provide Japanese consumers with Great quality U.
S.
beef
at a great price," said NCBA Senior Director of International Trade and Market Access
.
S.
beef producers
.
"While the details of the agreement in principle have not been disclosed, the NCBA is encouraged that today's announcement means we are taking the necessary steps to ensure that a long-term solution to the Japanese market can be obtained so that U.
S.
cattle producers can continue to provide Japanese consumers with Great quality U.
S.
beef
at a great price," said NCBA Senior Director of International Trade and Market Access
.
