TPP is Critical to the Future of Beef Exports because the Pacific Rim region is one of the biggest markets for U.S. beef. Japan’s market amounted to $1.3 billion of the $6.3 billion in total beef exports sold overseas last year, but U.S. beef faces a 38.5 percent tariff in Japan that would be lowered to 9 percent over the next 16 years if TPP is implemented. The United States is currently facing a 10 percent tariff rate disadvantage with major beef competitor Australia because of that nation's bilateral agreement with Tokyo.
TPP Will Help Level the Playing Field for US agricultural exports and help boost annual farm income.
America is expecting to see a $5.3 billion increase in agricultural exports, which translates into $4.4 billion in the pockets farmers. No country will receive more benefit from TPP than the United States, through revenue increase and job creation.
TPP is Critical to the Future of Beef Exports because the Pacific Rim region is one of the biggest markets for U.S. beef. Japan’s market amounted to $1.3 billion of the $6.3 billion in total beef exports sold overseas last year, but U.S. beef faces a 38.5 percent tariff in Japan that would be lowered to 9 percent over the next 16 years if TPP is implemented. The United States is currently facing a 10 percent tariff rate disadvantage with major beef competitor Australia because of that nation's bilateral agreement with Tokyo.
TPP Will Help Level the Playing Field for US agricultural exports and help boost annual farm income.
America is expecting to see a $5.3 billion increase in agricultural exports, which translates into $4.4 billion in the pockets farmers. No country will receive more benefit from TPP than the United States, through revenue increase and job creation.