Japan: Japan Agreements Leave U.S. Wine Behind
A free trade agreement (FTA) between Japan and several countries comprising the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), as well as a soon-to-be effectuated FTA between Japan and the European Union (EU), will lead to increased market competition for wine and wine product exports to Japan. In 2017, Japan imported $1.6 billion in wine products (classified under HS code 2204), of which 7.6 percent (approximately $123 million) was from the United States.