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Finance Minister to Discuss Frozen Beef Import Tariffs with US

04 August 2017

JAPAN - Finance Minister Taro Aso said Tuesday that Tokyo would raise the issue of tariffs on frozen beef imports from the United States and other countries in bilateral economic talks with Washington later this year.

According to The Japan News, Mr Aso’s comments came as Japan hiked tariffs from Tuesday on imports of frozen beef, popular in beef bowl dishes, from countries including the United States to 50 per cent from 38.5 per cent.

The measure follows US President Donald Trump’s move to withdraw from the long-planned Trans-Pacific Partnership trade deal earlier this year.

The tariff hike, set to be in place until next March, is a "safeguard" mechanism to protect domestic farmers, Japan’s Finance Ministry said last month, prompting concern in Washington.

"I’m aware of the US agriculture secretary’s concern," Mr Aso told reporters after a Cabinet meeting in Tokyo.

"This measure would be abolished if the TPP (Trans-Pacific Partnership) were implemented, but it remains because the US withdrew from TPP."

Under current Japan measures, higher tariffs are automatically imposed if quarterly imports of specific beef products — both from all nations and from those lacking economic partnership agreements (EPAs) with Japan — rise more than 17 per cent from a year earlier.

In April-June, Japan’s frozen beef imports from all nations, at 89,253 tons, were up 17.1 per cent on the year, while imports from non-EPA nations reached 37,823 tons, an increase of nearly a quarter, government data showed.

"It’s true there have been debates that the span of time (used in tariff reviews) should be extended from the current three months," Mr Aso said on Tuesday.

"There’s room for consideration and we are likely to discuss issues of this kind in our economic dialogue."

Tokyo and Washington are expected to hold a second round of bilateral economic talks later this year, in which the Trump administration could press for concessions on trade that could increase US exports to Japan.

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TheCattleSite News Desk

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