Japan might increase the amount of agriculture trade conducted with the U.S. through potential trade deal that was announced by President Trump following a meeting with Japanese Prime Minister Shinzo Abe.
U.S. pork exports recorded the highest-ever monthly value in November while U.S. beef export value took another step toward a likely full-year value record, according to data by USDA and compiled by USMEF.
It is extremely important for rapid progress to be made in these negotiations if U.S. beef and pork are to remain competitive in the largest value destination for U.S. red meat, says Dan Halstrom, U.S. Meat Export Federation (USMEF) president and CEO.
With red meat demand among Japanese consumers continuing to gain momentum, the U.S. Meat Export Federation introduced new and unique U.S. pork and beef dishes at Foodex Japan, Asia’s largest food trade show.
Beef producing countries like Australia, Canada, New Zealand and Mexico are gaining greater access into Japan thanks to lowered tariffs, giving those exporters a significant advantage over U.S. beef producers.
Japan is set to restore tariffs on frozen beef from the United States and other countries to usual levels from April 1, ending a hike put in place eight months earlier to protect domestic producers as an emergency.
U.S. President Trump and Japanese Prime Minister Shinzo Abe said they have agreed to intensify trade consultations between the two longtime allies, with an aim to expand investment and trade between their countries.