Japan imposes tariffs on beef imports from the US and other countries
Japan increased the tariffs for frozen beef imports from those countries with which it does not have a trade agreement from 38.5% to 50% beginning in August until March 2018. Japan imposed this measure according to the rules of the World Trade Organization (WTO), which allow the increase of tariffs when imports rise more than 17% annually in any quarter.
AHDB analyst, Millie Askew says that from Japan's total frozen beef imports, nearly 90% come from the US and Australia. The 'safeguard' tariff imposed by the Japanese authorities will have a significant impact on American farmers, which were hoping for wider access to the Japanese market through a Trans-Pacific Partnership (TPP) between their country and Japan. The agreement hasn't taken place, being withdrawn by the US president, Donald Trump.
In this case, until March 2018, Australian farmers will benefit from the measure imposed on American imports, seeing that Australia has a trade agreement with Japan. Tariffs imposed on Australian frozen beef imports are situated at a rate of 27.5%. Furthermore, Australia supplies nearly half of Japan's frozen beef.
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