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POLITICS

Farm Ministry, METI request TPP-related allocations in FY2015 supplementary budget

  • 2015-12-17 15:00:00
  • , Mainichi
  • Translation

(Mainichi: December 17, 2015 – p. 6)

 

 By Yusuke Matsukura, Mikako Yokoyama

 

 The Ministry of Agriculture, Forestry and Fisheries (MAFF) presented its proposed allocation requests totaling 298.5 billion yen for TPP-related measures for Japanese farmers in the FY2015 supplementary budget to a Liberal Democratic Party (LDP) meeting on Dec. 16. However, there were calls from LDP members to increase the budget requests.

 

 Among the draft proposals is support for machinery purchases in localities making collective efforts to improve the profitability of livestock farming and fruit and vegetable growing. Coordination is underway to create a fund of at least 100 billion yen. In addition, 17 billion yen will be allocated to help expand exports of agricultural products. Funding for farmland aggregation and land improvement projects is also included.

 

 However, there were calls at the LDP meeting for more allocations. MAFF will consider making some revisions.

 

 Meanwhile, the Ministry of Economy, Trade and Industry (METI) has decided to propose the allocation of some 200 billion yen for TPP-related measures in the FY2015 supplementary budget, focusing on assistance to small and mid-size enterprises making inroads overseas to take advantage of tariff abolition and deregulation in the TPP nations.

 

 The government is expected to adopt a cabinet decision on the draft FY2015 supplementary budget on Dec. 18.

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