Japan: Consequences of the latest trade agreements on the pork market

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Meat

Japan

Published May 26, 2023

Tridge summary

Japan has recently ratified numerous trade agreements that will eliminate the three customs duties (entry price, ad-valorem and safeguard) previously used on most imports of pork products. Japan has ratified trade agreements with the United States, the European Union, the United Kingdom and the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (CPTPP) countries, which include Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The changes described in Japan's recent trade agreements could improve the competitiveness of the associated countries in the Japanese pork market. This increase in external competitiveness could translate into less domestic production, more imports and, therefore, greater availability of cheaper non-Japanese pork meat for consumers in Japan.

Original content

Japan has recently ratified numerous trade agreements that will eliminate the three customs duties (entry price, ad-valorem and safeguard) previously used on most imports of pork products. Japan has ratified trade agreements with the United States, the European Union, the United Kingdom and the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (CPTPP) countries, which include Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The changes described in Japan's recent trade agreements could improve the competitiveness of the associated countries in the Japanese pork market. This increase in external competitiveness may translate into less domestic production, more imports and, therefore, greater availability of cheaper non-Japanese pork meat for consumers in Japan. The estimated changes for 2028, relative to the 2018 baseline, are as follows: In 2028, pork imports from Japan would increase by 3.6% for carcasses and half ...

Source: 3tres3