The Trump administration announced trade agreements with Japan and Indonesia, increasing market access for American producers.
Japan pledged to increase imports of U.S. rice by 75%, and will purchase $8 billion in U.S. goods.
“The new agreement focuses on reinforcing the long-term economic partnership between the U.S. and Japan, which for decades has delivered tremendous benefits for the U.S. livestock and meat industries and for Japanese consumers, importers and customers,” the U.S. Meat Export Federation (USMEF) said.
In Indonesia, the country will eliminate about 99% of tariff barriers for U.S. food and ag products. Indonesia also agreed to reduce non-tariff barriers, including exempting U.S. food and agricultural products from all import licensing regimes. “Indonesia is a market with incredible potential, in which the opportunity for U.S. beef is estimated at $250 million annually,” USMEF said.
