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POLITICS

Tariff abolition under TPP to benefit consumers

  • 2015-07-28 15:00:00
  • , Yomiuri
  • Translation

(Yomiuri: July 28, 2015 – p. 9)

 

 By Kyoko Yamaguchi, Miyuki Yoshioka

 

 Japan is now planning to eliminate tariffs on imported wine, chicken, and pork sausages in stages in the TPP negotiations. Tariffs are also expected to be dropped for liquid eggs (egg yolk) used for making bread, confectioneries, and mayonnaise; salt; and other products. The results of the TPP talks will likely benefit Japanese consumers.

 

 At present, the tariff on imported wine stands at 15% of the price or 125 yen per liter, whichever is cheaper. Inexpensive wine stands to benefit significantly from tariff abolition, while the impact on expensive wine will be limited.

 

 With regard to chicken, Japan already imports a significant amount of frozen chicken from Brazil for commercial use. If tariffs on chicken from the U.S. and elsewhere are also eliminated, competition among foreign products may bring down retail prices.

 

 Most imported liquid eggs come from the U.S. In 2014, some 6,000 tons (worth around 1.8 billion yen) of the product was imported. Tariff abolition will reduce the cost of ingredients for bread and confectionery manufacturers, translating into lower prices for bread and confectioneries. (Abridged)

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