class="post-template-default single single-post postid-337616 single-format-standard custom-background group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-5.5.2 vc_responsive"
Statement by Steve Nelson, President, Regarding U.S., Japan Trade Talks | KTIC Radio

Statement by Steve Nelson, President, Regarding U.S., Japan Trade Talks

Statement by Steve Nelson, President, Regarding U.S., Japan Trade Talks

LINCOLN, NEB. – “Ever since the President pulled the United States out of the Trans-Pacific Partnership (TPP) trade agreement, we have urged the Administration to follow through on its promise of developing bilateral free trade agreements with TPP member countries, especially Japan. Today’s announcement that the United States and Japan have agreed to enter trade talks is tremendous news and couldn’t have come at a better time.”

“Japan is already our largest trading partner for Nebraska beef, and a major purchaser of Nebraska agriculture commodities including pork, corn, soybeans, wheat, grain sorghum, and dairy products. There is no doubt that a bilateral agreement with Japan would be a major win for Nebraska farmers and ranchers if the U.S. is able to reach an agreement with similar terms to those previously negotiated under the TPP, specifically as it relates to tariff reduction on agriculture products.”

“TPP was projected to be a boon for Nebraska agriculture, increasing agriculture cash receipts by more than $378 million per year when fully implemented, with much of that gain attributed to increased trade with Japan. If the U.S. can lower Japan’s existing 38.5 percent tariff on U.S. beef which was slated to gradually decline to 9 percent under TPP, that would be a major victory for Nebraska, the ‘beef state’.”

© 2018 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share: