U.S.-Japan reach agreement on “key parts” of bi-lateral trade deal

The United States and Japan have reached an initial on parts of a bi-lateral trade deal, which would impact Nebraska farmers and ranchers, especially beef and pork producers.

The Nebraska Farm Bureau said in a statement, in part:

“Japan is a critical for Nebraska and one that we’ve needed to find a way to better tap into since the U.S. opted not to be a part of the larger comprehensive and progressive agreement for the Trans-Pacific Partnership.”

They also added, that they’re optimistic it could lead to more business opportunities for the state.

The bureau says details are limited at this time, and they’ll need to review it further, once more information is available.

Gov. Peter Ricketts also issued a statement following the news that President Trump and Prime Minister Shinz Abe of Japan had reached an initial agreement on key parts of a U.S.-Japan trade deal.

The statement reads:

“For Nebraska, our trade relationship with Japan is one of our most important…Japan is Nebraska’s number four export market, largest direct international investor, and largest international market for beef, pork, and eggs.”

Nebraska exported an estimated $1.1 billion worth of good to Japan in 2017.

 

 

 

 

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