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ECONOMY > Trade

Japan to maintain safeguard mechanism on beef imports

  • November 29, 2017
  • , Nikkei
  • JMH Summary

Nikkei wrote that the Ministry of Finance has decided on a plan to maintain a safeguard measure against beef imports in fiscal 2018. Japan imposed the measure in August in response to an increase in the volume of frozen beef imports from the United States and other nations. The paper wrote that although attention was being focused on whether Japan would abolish the mechanism in response to criticism from the U.S. and calls from the U.S. beef industry and the Secretary of Agriculture to immediately lower the tariff, Tokyo has decided to maintain the mechanism because the U.S. did not exert strong pressure on Japan over the agriculture sector at the summit meeting in Tokyo in November.

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