Japan Sets Eyes on Trans-Pacific Partnership Negotiations22 March 2013
JAPAN - Trade talks this week have shown the emerging desire of the Japanese government to join in the Trans-Pacific Partnership (TPP).
The U.S. Business Coalition for TPP issued a statement Friday, saying Japan's participation would enhance the potential impact of the partnership.
Boasting the world’s third largest economy, Japan presents a considerable dairy market opportunity and has been in consultations with the US since early last year.
The goals of the TPP are fair and efficient trading systems for dairy products. Countries already in the TPP are Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam and the US with Thailand also expressing interest in joining.
International Dairy Foods Association President, Clay Hough welcomed the announcement, saying: “The addition of Japan greatly expands the scope of the TPP, and that market is a significant opportunity for U.S. dairy exports.”
However, some feel that Japan will not be able to adopt necessary concessions such as loosening market access, changing its quota system and addressing non-tariff concerns.
TheCattleSite News Desk