The EU-Japan Agreement and Implications for U.S. Beef
Ag News Feed
It was announced last week that the European Union (EU) and Japan have agreed in principle to an Economic Partnership Agreement. The agreement will gradually lower import tariffs on EU beef and pork entering Japan with an expected start date in early 2019. This deal is significant to the U.S. beef industry because it will give EU beef and pork an advantage in one of the most prominent U.S. beef export markets. Approximately one-quarter of total U.S. beef exports were to Japan in 2016 at a value of over $1.5 billion.