In this file:
· Japan's foreign minister says U.S. trade pact to start in January - Nikkei
· TSCRA, Arrington hail trade agreement with Japan
Japan's foreign minister says U.S. trade pact to start in January - Nikkei
Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Christian Schmollinger, Reuters
Oct 3, 2019
Oct 4 (Reuters) - Japan and the United States intend to enact their recent trade agreement in January, Nikkei reported on Friday, citing Japanese Foreign Minister Toshimitsu Motegi.
“The U.S. wants [the trade deal] to be in effect on Jan. 1, 2020, and we have no objections to that,” Motegi said in an interview to Nikkei.
Last month, U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties.
The trade pact needs ratification by Japanese lawmakers and the accord will go before Japan’s parliament once it convenes for an extraordinary session on Friday.
“We hope to gain their (lawmakers’) approval after a thorough explanation,” Motegi told Nikkei...
TSCRA, Arrington hail trade agreement with Japan
Muleshoe Journal (TX)
October 3, 2019
In a press release datelined Fort Worth, Robert McKnight, Jr., president of the Texas and Southwestern Cattle Raisers Association (TSCRA) issued the following statement in response to the announcement of a bilateral trade agreement with Japan:
“We are elated that today’s announcement of a trade agreement with Japan includes a reduced tariff on U.S. beef. Japan is the largest buyer of U.S. beef exports and the third-largest buyer of Texas beef despite a 38.5 percent tariff. The excessive tariff left U.S. beef producers vulnerable to foreign competitors with lower tariff rates. High tariffs were also costly for Japanese consumers who had to pay substantially more to enjoy U.S. beef.
“We sincerely thank the Trump administration for their diligent work on this issue, especially U.S. Trade Representative Robert Lighthizer and Chief Agricultural Negotiator Gregg Doud. The bilateral trade agreement with Japan is an achievement that will benefit American cattle producers for decades to come.”
TSCRA is a 142-year-old trade association and is the largest and oldest livestock organization based in Texas. TSCRA has more than 17,500 beef cattle operations, ranching families and businesses as members. These members represent approximately 55,000 individuals directly involved in ranching and beef production who manage 4 million head of cattle on 76 million acres of range and pasture land primarily in Texas and Oklahoma and throughout the Southwest.
According to the USDA Agricultural Statistics Service, in 2017, Bailey County had 5,200 head of cattle. That number increased in 2018 to 5,300 cattle. The total number of cattle including beef and dairy cattle and calves remained steady at 110,000 in both years.
In a press release from Washington, D.C., Congressman Jodey Arrington (TX-19) praised the deal, signed on Friday, Sept. 20.
Arrington congratulated the Trump administration on reaching a trade agreement with Japan that will deliver a major victory to farmers and ranchers in West Texas and across the United States. Specifically, the agreement provides increased market access for American agriculture producers by significantly reducing or completely eliminating tariffs on $7.2 billion worth of U.S. agricultural goods.
“Opening up access to the Japanese market for our agriculture products is a major win for U.S. farmers and ranchers as well as rural America,” Arrington said. “Doing more free and fair trade deals in the Asia Pacific region will also mitigate China’s unjustified tariffs and pressure them to stop their unfair practices. Free market reforms at home and America-first trade policies abroad will ensure the United States will remain the land of opportunity and unparalleled prosperity for the next generation.”
In addition to agricultural products, the U.S. and Japan have reached a separate digital trade agreement.
A fact sheet summary from the Office of the United States Trade Representative follows: