USMEF President and CEO Philip Seng participated in a roundtable discussion on the Trans-Pacific Partnership (TPP) during a recent visit to Denver by Japan’s ambassador to the United States, Kenichiro Sasae.
Seng and Greg Hanes, USMEF assistant vice president for international marketing, joined Sasae and a handful of Colorado business leaders at the headquarters of Pivotal Software to exchange thoughts and ideas about the effects of TPP. Details of the trade agreement were reached earlier this month, but each of the 12 counties involved must approve it. Sasae has been meeting with companies and organizations across the U.S. to gather information and feedback.
Sasae pointed out during the Denver roundtable that agriculture is a big part of TPP and USMEF’s role in developing and growing international markets for U.S. beef, pork and lamb will continue to be very important under the agreement. He also noted that beef has been Colorado’s top export to Japan.
“The beef tariff will be cut down from an effective rate of 38.5 percent to under 10 percent [under the agreement],” Sasae told roundtable participants.
Additional beef and pork trade details from TPP were reported in last week’s USMEF Export Newsline.