Although Japan’s January-March imports of Australian chilled beef exceeded the safeguard threshold established in the Japan-Australia Economic Partnership Agreement (JAEPA) by more than 3,000 metric tons (mt), the tariff rate on these products will remain at 31.5 percent.
Because the JAEPA was implemented before the end of Japan’s fiscal year (March 31), the parties agreed to a one-time provision stating that any overage occurring in the January-March quarter would not trigger an increase to the snapback tariff rate (which is 38.5 percent), but would instead be carried over to the April-June quarter. The chilled beef safeguard threshold for the current fiscal year (April 1 through March 31) is 131,700 mt.
Japan’s imports of Australian frozen beef in the January-March quarter were below the safeguard threshold. So the tariff rate on these products remains at 28.5 percent, with no carryover to the April-June quarter. The frozen beef safeguard threshold for the current fiscal year is 196,300 mt.