AreaJapan

Commodity GroupMeat

CommodityBovine meat

Date03/06/2022

Policy CategoryTrade

Policy InstrumentTrade agreement

DescriptionSigned a new agreement with the United States of America, to revise the safeguard mechanism included in the 2019 US–Japan trade deal to set stricter limits on when Japan may impose higher duties on US beef. Under the updated mechanism, three conditions must be met before safeguard duties can be imposed in the future: annual beef imports from the United States of America must exceed the original beef safeguard trigger volume levels set under the US–Japan deal; the combined volume of annual beef imports from the United States of America, and the original signatories of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), must exceed the CPTPP beef safeguard trigger level; annual beef imports from the United States of America must exceed the total amount of the previous year. This third trigger will be in effect until 2027.