Japan: U.S. Fries to Feel the Heat of New Japan Trade Agreements
Japan’s free trade agreement with the European Union (EU) and the soon-to-be-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will reduce tariffs for a wide range of potato products from suppliers that compete with U.S. exports of potato products to Japan. Both agreements could enter into force as early as 2019. Japan’s duties for frozen french fries (the largest U.S. potato export item) will be eliminated in four years for CPTPP members and the EU. In 2017, Japan imported $608 million of potato products, 70.2 percent ($427 million) was from the United States.
Japan: U.S. Fries to Feel the Heat of New Japan Trade Agreements