USMEF predicts Japanese growth
The United States Meat Export Federation (USMEF) projects that with tariff rates mirroring those imposed on major competitors, US pork exports to Japan will reach $1.7 billion in 2020, with export volume projected to be roughly 410,000 metric tons. By 2025, US pork exports to Japan are expected to approach $2bn, as consumption of US red meat increases due to greater access for Japanese consumers and the US gaining market share.
USMEF said the agreement “opens new opportunities for value-added and processed red meat products, with tariffs on these products phasing to zero, which contributes to the overall growth in US exports to the high-value Japanese market”.
Following the implementation of the trade agreement between the two countries, the USMEF held a raft of activities that were funded by the USDA Market Access Program (MAP) and the National Pork Board.
The USMEF held pork seminars in Osaka, that included a talk by director of the USDA Agricultural Trade Office Jeff Zimmerman on the US-Japan trade agreement, US pork production and the effects of African Swine Fever (ASF) on global pork trade.
It also held a pork cooking seminar with Kitchen Equipment Company as well as seminars in Nagoya, Fukuoka and Sapporo.
