The United States Department of Agriculture’s Foreign
Agricultural Service has released a series of interactive fact sheets
illustrating how the Trans-Pacific Partnership (TPP) agreement
can boost the U.S. agriculture industry.
They are designed to show how each state and individual commodities may be
affected, reports Meatingplace Magazine
Japan's beef tariff, now as high as 50 percent, will be
reduced to nine percent. Japan will eliminate duties on 75 percent of tariff
lines, including processed beef products. Vietnam will eliminate tariffs and
Malaysia will lock tariffs in at zero percent.
Japan will eliminate duties on nearly 80 percent of tariff
lines related to pork, including processed pork.
Remaining tariffs will be cut and the "Gate Price"
system significantly altered. The “gate price” policy establishes tariffs
designed to bring meat up to set prices.
Nearly all Malaysian tariffs will be locked in at zero
percent and Vietnam will eliminate tariffs.
