Taking Advantage of New Trade Deal
Taking Advantage of New Trade Deal
The US Beef industry has a opportunity to take back a big portion of the market in japan that was lost before the new trade deal was completed.
Dan Holstrom is the President and CEO of the US Meat Export Federation and explains, quality means something in Japan, and thats where US Beef can win.
Japan was the top export market for U.S. beef, valued at $1.5 billion in 2016. According to data compiled by the U.S. Meat Export Federation, first quarter U.S. beef sales to Japan increased 42 percent over 2016. In addition to the United States, the 50 percent safeguard tariff also applies to imports from Canada, New Zealand, and other countries that do not have a free trade agreement with Japan.
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