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On December 29, 2022, the State Council Tariff Commission (SCTC) announced its annual tariff adjustment plan that sets tentative import and export tariff rates for select tariff lines in 2023. According to the 2023 tariff adjustment plan, the PRC will calculate MFN tariffs on certain frozen chicken products by applying a tariff on the import value rather than by volume (RMB/KG).

On December 29, 2022, President Ferdinand R. Marcos, Jr. signed Executive Order 10, series of 2022, extending lowered 5 percent tariffs for corn imports, 15 percent tariffs for pork imports, and 35 percent tariffs for rice imports through December 31, 2023.

On December 30, 2022, the Turkish Government published a Biosafety Decision to reapprove the import of a genetically engineered (GE) stacked corn event, NK603 X MON 810, for feed. In a separate government action, the single event MON 810 was canceled due to a recent court decision. With these latest changes, the total number of approved GE events remains at 36.

Turkiye is among the world’s leading economies and home to a young, mostly urban population of 85 million people. This dynamic has fueled the country’s rising demand for consumer-oriented agricultural products.

U.S. food and agricultural exports though the first nine months of 2022 were nearly $500 million – outpacing record highs in 2021 by 30 percent – on higher commodity prices and sustained demand for U.S. feed grains.

In 2023, the cost-of-living crisis will replace COVID as the key challenge to the UK food and drink sector. Prices have increased at the fastest rate in 40 years, as the war in Ukraine, supply chain issues, and increases in energy prices make an impact.

As the 5th largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2021, Korea imported about $43 billion agricultural & food products from all over the world and the U.S. supplied a quarter of it, ranking number one. Other key suppliers were China, Australia, Brazil, and Vietnam.

This report serves as a practical guide for U.S. exporters wishing to initiate or increase exports of U.S. consumer-oriented and seafood products to Vietnam. It provides an overview of the market potential, practical tips, consumer preferences and trends, food standards and regulations, import and inspection procedures, and useful contacts.

The United States is a leading supplier of agricultural products to Indonesia with a 13 percent market share in 2021. Major exports include soybeans, wheat, cotton, milk powder, feeds and fodders, dairy, fresh fruit, and beef and beef products.

Pakistan is the 25th largest export market for U.S. food and agricultural-related products, with U.S. exports surpassing $1.3 billion in 2021. The top U.S. exports to Pakistan were cotton, soybeans, pulses, tree nuts, dairy products, planting seeds, dairy cattle, and forestry products.

As it assumes the G20 presidency in 2023, India is set to become the second-fastest growing economy in the bloc despite decelerated global economic activity in 2022. Post pandemic, Indian consumer preferences toward premium products and perceived health foods remains high, despite continued high food price inflation and rupee devaluation.

Japan’s Ministry of Economy, Trade and Industry (METI) proposed an update to Japan’s biofuel standards from Japan’s fiscal year 2023 through 2027. METI will accept public comments in Japanese on the proposal until 5 PM on January 17, 2023, Japan time. Based on received public comments, METI will revise the contents in the proposed biofuel standards and open a second and final public comment period within a few weeks.