Markets and trade
 

Detail

Area
United States of America
Commodity Group
Oilseeds, oils and meals
Commodity
Oils/fats
Date
01/01/2020
Policy Category
Trade
Policy Instrument
Comprehensive trade agreements
Description
Under the USA-Japan Trade Agreement that entered into force on 1 January 2020, US exports of oils and fats to Japan became eligible for preferential tariff access. Depending on the type of oil/fat, imports are either duty-free or subject to preferential tariff rates set to be phased out over a period of three years.
Notes
Trade agreements – United States / Japan: Under the US-Japan Trade Agreement that entered into force on 1 January 2020, US exports of oils and fats to Japan will benefit from preferential tariff access. Depending on the type of oil/fat, imports will be either duty-free or subject to preferential tariff rates set to be phased out over a period of three years.