Key Topic – Japan-EU Economic Partnership Agreement
In early July 2018, Japan and the European Union signed their economic partnership agreement (EPA)
. The EU is an aggressive pork supplier in Japan, and the EPA will provide tariff advantages for EU pork – especially for ground seasoned pork and processed pork products – similar to those the United States had negotiated in the Trans-Pacific Partnership (TPP). The EU is not a major player in the Japanese beef market, but could make inroads on tongues and other beef variety meat. As with pork, the tariff relief for EU beef is similar to what was included in TPP – dropping the 38.5% tariff on fresh/frozen beef to 9% over 15 years. USMEF summarized the terms of the Japan-EU EPA in this Exporter Update
. The EPA is expected to enter into force in early 2019.