USMEF predicts Japanese growth

By Aidan Fortune contact

- Last updated on GMT

USMEF predicts Japanese growth

Related tags: Us, Japan, Pork

The newly implemented US-Japan trade agreement is expected to significantly increase demand for US pork in Japan.

The United States Meat Export Federation (USMEF) projects that with tariff rates mirroring those imposed on major competitors, US pork exports to Japan will reach $1.7 billion in 2020, with export volume projected to be roughly 410,000 metric tons. By 2025, US pork exports to Japan are expected to approach $2bn, as consumption of US red meat increases due to greater access for Japanese consumers and the US gaining market share.

USMEF said the agreement “opens new opportunities for value-added and processed red meat products, with tariffs on these products phasing to zero, which contributes to the overall growth in US exports to the high-value Japanese market”​.

Following the implementation of the trade agreement between the two countries​, the USMEF held a raft of activities that were funded by the USDA Market Access Program (MAP) and the National Pork Board.

The USMEF held pork seminars in Osaka, that included a talk by director of the USDA Agricultural Trade Office Jeff Zimmerman on the US-Japan trade agreement, US pork production and the effects of African Swine Fever (ASF) on global pork trade.

It also held a pork cooking seminar with Kitchen Equipment Company as well as seminars in Nagoya, Fukuoka and Sapporo.

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