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ECONOMY > Trade

Japan to set low-tariff quota for U.S. beef imports

  • September 20, 2019
  • , Nikkei
  • JMH Summary

Nikkei wrote that the GOJ is planning to establish a low-import tariff quota for American beef of about 240,000 tons, which is 90% of the amount U.S. beef Japan currently imports, as part of its trade negotiations with the United States. The paper speculated that Japan will also set a safeguard to prevent a surge in imports to mitigate the impact on domestic producers. The paper wrote that since Japan has already set a low-tariff quota of 600,000 tons for beef imports from the TPP nations, the quota to be granted to the United States will bring the total amount of beef that can enter Japan at low tariffs to 840,000 tons. The paper wrote that Japan is hoping to renegotiate with the TPP member states to reduce its low-tariff quota for their beef products.

 

Asahi ran a similar story, adding that although the GOJ is planning to renegotiate with the TPP member states to reduce their agreed-upon quota of 600,000 tons for beef to be exported to Japan at a low-tariff rate, the arrangement with the United States could deal a heavy blow to Japanese cattle farmers.

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