U.s.-Japan Trade Agreement Fact Sheet

Japan`s tariffs on MUSKEL cuts in the United States will be abolished over a nine-year period. Tariffs on most processed pork products, including the 20% tariff for grounded pork, will be reduced to zero over a five-year period, and gradually over a ten-year period for ham and bacon. The maximum tariff for products covered by the door price will increase from 482 yen/kg to 125 yen after introduction and to 50 yen/kg over nine years. The protection of Japan`s pork by the World Trade Organization (WTO) will no longer be applicable to American pork, as Japan will create a new transitional protection mechanism for chilled and frozen pork, similar to that contained in the CPTPP. For more details, see the USTR`s pork fact sheet, the safety note and the USMEF sheets listed below. 6. EY Global Tax Alert, USTR grants new exclusions for lists 1, 2 and 3 for products originating in China; The United States and Japan agreed on goods trade and digital trade on September 27, 2019. 8. ustr.gov/about-us/policy-offices/press-office/fact-sheets/2019/september/fact-sheet-agriculture%E2%80%90.

Japan`s tariffs on cold cuts and frozen frozen meat will be reduced from 38.5% to 9% over 15 years. Tariffs on beef nuts will fall from 12.8% by 2028 to zero and other by-products by 2030. Tariffs on processed beef products will be raised to zero within five to fifteen years, depending on the product. Cooled and frozen beef cuts in the United States are subject to a U.S.-specific annual safeguard clause, which begins at 242,000 mt and is increased according to the schedule described in the USTR beef data sheet. A single safety consultation procedure for the agreement is also included in the beef fact sheet, the safeguard note and the following USMEF slides. 15. U.S. Customs and Border Services, CSMS #41149692, U.S.-Japan trade agreement: information on the request for preferential treatment. www.cbp.gov/trade/free-trade-agreements/japan.

In the U.S.-Japan trade agreement, Japan committed to providing significant access to U.S. food and agricultural products by removing tariffs, applying reasonable tariff reductions, or allowing a certain volume of imports to a low (generally zero) tariff. It is important that the customs treatment of the products covered by this agreement is in line with the preferential tariffs that Japan grants to the countries of the CP-TPP agreement. 9. www.whitehouse.gov/briefings-statements/president-donald-j-trump-secured-tremendous-victory-american-farmers-businesses-new-japan-trade-agreements/. President Trump, as part of the government`s broader trade agenda, has long criticized the trade imbalance between the United States and Japan, the world`s largest and third-largest economies, respectively. To reduce the U.S. trade deficit by $56.7 billion, President Trump and Japanese Prime Minister Shinzo Abe have jointly announced their intention to open negotiations for a U.S.-Japan trade deal in 2018. The United States and Japan agree on merchandise trade and digital trade, President Trump and Prime Minister Abe announced the trade deal on September 25, 2019 at the United Nations General Assembly in New York.6: The agreement provides that Japan will benefit only from limited protection measures against increased imports of beef, pork, whey, oranges and racehorses that will expire in time. Within four months of its implementation, President Trump and Prime Minister Abe will relocate their efforts for a broader trade deal. This broader agreement aims to cover both tariff and non-tariff barriers, including tariffs and restrictions on trade in services and investment. Among the main results of this agreement are rules that reach: 10.

U.S.-Japan trade agreements, Appendix I: Dou rights