{UAH} 90% OF AMERICAN AGRICULTURE IMPORTS INTO JAPAN WILL BECOME DUTY FREE Obama signed AGOA with Uganda

President Donald J. Trump Has Secured a Tremendous Victory For American Farmers and Businesses With New Japan Trade Agreements

 ECONOMY & JOBS

 

 Issued on: October 7, 2019

QUOTE

This is a huge victory for America’s farmers, ranchers, and growers. And that’s very important to me.

President Donald J. Trump

IMPROVING TRADE WITH JAPAN: The United States and Japan are signing two new agreements to improve our strong trade relationship.

·        Official White House Photo by Tia Dufour

 

U.S. Trade Representative Ambassador Robert Lighthizer and Japanese Ambassador to the United States Shinsuke Sugiyama display their signatures after signing the U.S.-Japan Trade Agreement and the U.S.-Japan Digital Trade Agreement | October 7, 2019

 

Today, the United States and Japan are signing two new agreements on trade: one on agricultural exports and another on digital trade.

·        President Donald J. Trump is continuing to deepen and modernize our trade relationship with Japan – the world’s third largest economy.

·        The two agreements being signed will help create jobs, expand investment, reduce our trade deficit, and promote fairness.

o   These agreements will provide a tremendous boost to American farmers, workers, and businesses.

·        President Trump will continue to work towards achieving a final comprehensive trade agreement with Japan.

EXPANDING MARKETS FOR AMERICAN FARMERS: President Trump continues to secure fairer markets for American farmers.

·        This is a tremendous victory for American farmers, as they will have expanded access to a fairer market to export their products.

o   Japan is our third largest agricultural export market and accounted for $14.1 billion in food and agricultural exports in 2018.

·        Japan will eliminate or reduce tariffs on approximately $7.2 billion in United States agricultural exports.

o   Japan will eliminate or significantly lower tariffs on American beef, pork, poultry, wheat, cheese, wine, ethanol, and more.

·        Once this agreement is implemented, over 90 percent of United States agricultural imports into Japan will be duty free or receive preferential tariff access.

PROMOTING DIGITAL TRADE: President Trump is working to expand the vital digital trade between the United States and Japan.

·        The United States-Japan Digital Trade Agreement includes high-standard provisions that address key digital trade issues.

o   The agreement meets the same gold standard on digital trade rules that was set by the President’s landmark United States-Mexico-Canada Agreement (USMCA).

·        This agreement will boost the already approximately $40 billion worth of digital trade between the United States and Japan.

·        This agreement will benefit trade in innovative products and services where the United States is a worldwide leader, and will ensure that American businesses have a level playing field in areas like video, music, e-books, and software.

·         EM         -> { Trump for 2020 }

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