Japan’s parliament gave final approval to a deal amending a beef safeguard mechanism under the U.S./Japan trade agreement, which was signed by U.S. Trade Representative (USTR) Katherine Tai last week.
The change will reduce the probability that U.S. beef could be hit with higher Japanese tariffs, according to the Office of the USTR.
The updated safeguard “will ensure our farmers and ranchers continue to have access to one of the world’s most dynamic markets,” said Tai. “The protocol represents a foundational pillar of our bilateral trade relationship — and I am grateful to our producers and stakeholders who helped make it possible.”
Japan was the second largest U.S. beef market in 2021, totaling $2.4 billion.
More on beef exports:
U.S. Beef and Pork Export Values Near $150 Million to Colombia
Mission to Market: Expanding Opportunities of U.S. Exports to the UK
