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ECONOMY > Trade

Japan decides not to change period for beef safeguard invocation

  • December 14, 2018
  • , Nikkei
  • JMH Summary

Nikkei wrote that the Ministry of Finance has decided to maintain in fiscal 2019 the current safeguard mechanism under which a higher tariff is automatically imposed if beef products from any country rise more than 17% in a three month period year on year. The paper wrote that although the ministry had studied the idea of extending the period to either six months or one year, it decided to maintain the current period. The paper speculated that the ministry may intend to use the system as a bargaining chip in its upcoming trade talks with the United States.

 

 

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