- The addition of Japan to the Trans-Pacific Partnership is important to American agriculture.
Prime Minister Abe of Japan announced their intentions to join negotiations for the Trans-Pacific Partnership (TPP) last week. The addition of Japan – the 12th country involved in the negotiations – is important to American agriculture because the size of the Japanese economy is second only to China’s in the region.
Japan is also one of the US’s largest wheat export markets, purchasing three classes, of US wheat yearly. During the last market year, Japan purchased over 3.5 million metric tons of US wheat at a value of over $1.2 billion. In 2012, agricultural exports to Japan totaled $13.5 billion.
NAWG supports Japan’s inclusion in TPP negotiations, and moving forward with a comprehensive, high-standard agreement that will benefit all countries involved.
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