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U.S. wheat farmers seek risk reduction in deal with Japan

  • August 22, 2019
  • , Jiji Press , 9:52 a.m.
  • English Press
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Chicago, Aug. 21 (Jiji Press) — An industry group of wheat producers in the United States requested on Wednesday that U.S. negotiators for a new trade agreement currently being discussed with Japan produce an outcome that would reduce the risk of competitive disadvantage the industry faces.

The U.S. Wheat Associates, or USW, said in a statement that the United States and Japan are “making good progress” toward a trade deal, and that the group “has every confidence that our agricultural trade negotiators working with Japan fully understand the need to mitigate the risk to U.S. wheat farmers in an agreement.”

The statement noted that tariffs on Canadian and Australian wheat imports to Japan are discounted under the Trans-Pacific Partnership multilateral free trade pact. The USW called for the Tokyo-Washington trade agreement to ensure that U.S. wheat can continue competing with wheat from Canada and Australia based on “quality, variety, and value.”

Japan, Canada and Australia are among the 11 members of the TPP, signed in March last year after President Donald Trump withdrew the United States from the accord.

On Wednesday, Japan-U.S. ministerial trade talks kicked off in Washington. The meeting is slated to end on Thursday but may extend into Friday depending on how the discussions progress.

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