Japan

Japan imposes tariffs on beef imports from the US and other countries

Beef

Starting with August, Japan imposed emergency tariffs on beef shipments that come from countries with which it does not have a trade agreement, according to the Agriculture and Horticulture Development Board (AHDB).

Posted on Sep 05 ,10:00

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 The agreement hasn't taken place, being withdrawn by the US president, Donald Trump.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.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

PARAGUAY

Paraguay: Record beef exports during 2024

According to official statistics released in the local press, the amount sent abroad continues th...


Read more Read more
BRAZIL

Brazil: Egg exports total 18.4 thousand tons in 2024

Export revenue in 2024 totaled US$ 39.2 million, 37.9% lower than the same period last year, with...


Read more Read more
AUSTRALIA

Australian red meat exports set records across the board in 2024

In 2024, Australia exported 2.24 million tonnes of red meat to 104 countries, representing the la...


Read more Read more
Websolutions by Angular Software and SpiderClass