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Malaysia ratified the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) on Friday, September 30, 2022, becoming the ninth out of eleven countries to ratify the agreement.
On June 29, 2022, the European Commission (EC) approved one genetically engineered (GE) crop (maize) for food and animal feed. The authorization was published in the European Union’s Official Journal on July 1, 2022 and remains valid for 10 years.
Through its phased-in tariff reductions, the agreement will raise challenges for U.S. products including wine and spirits, cotton, pulses and beans, forest products, and tree nuts.
The U.S.-Japan Trade Agreement (USJTA), which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.
On January 3, 2022, the Government of Morocco (GOM) published Circular # 6279/222, announcing the required tariff changes under the U.S.-Morocco Free Trade Agreement (FTA) for Calendar Year 2022.
On December 14, 2021, the World Trade Organization (WTO) released its findings from the dispute panel initiated in August 2019 against India’s trade distorting sugar subsidies. The WTO report found that India’s subsidies violated its obligations under the multilateral agreement.
The U.S.-Japan Trade Agreement (USJTA), which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.
On September 16, 2021 China applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Although faced with institutional obstacles for joining the CPTPP, China-based experts have noted that accession to the CPTPP could quicken economic development and trade liberalization by meeting the agreement's high-standards and progressive requirements.
In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.
The U.S-China Economic and Trade Agreement (Phase One) granted market access for new U.S. horticultural products such as avocadoes, blueberries, and nectarines.
The U.S.-Morocco Free Trade Agreement (FTA) is the only U.S. FTA on the African continent and offers advantages to exporters seeking to do business in Africa.
This report is one in a series of product briefs highlighting the tariff benefits for specific commodities and products from Year 3 (2021) to Year 5 (2023) of the agreemen