Japan Announces Beef and Pork Safeguard Trigger Levels

 

Jennifer Shike, FarmJournal's Pork

June 10, 2019

 

On May 31, Japanís Ministry of Finance announced the safeguard (trigger levels for beef and pork for the fourth quarter of Japanese Fiscal Year (JFY) 2019 (January 2020-March 2020), according to a recent USDA-Foreign Agricultural Service Global Agricultural Information Network (GAIN) report.

 

This announcement from Japan follows a March 31 report detailing trigger levels for the first three quarters of JFY 2019. The beef safeguard trigger is set at 117% of the previous yearís trade while the pork safeguard trigger level is 119% of the average of the three previous years of trade, the GAIN Report said.

 

ďAll three safeguards have a double trigger system based on imports from all trade partners and imports from countries with which Japan does not have an economic partnership agreement,Ē the GAIN Report said.

 

The trigger levels for beef and pork are calculated on a cumulative quarterly basis. In December 2018 and February 2019, Japan revised all three safeguard calculations following the entry into force of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Japan-EU EPA.

 

If any of these safeguards trigger, the tariff increases will apply only to countries that do not have a free trade agreement with Japan, which includes the U.S.

 

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