12/04/2019 | Press release | Distributed by Public on 12/04/2019 14:47
Taylor Gage, 402-471-1970
Justin Pinkerman, 402-471-1967
Gov. Ricketts: Japan Trade Agreement 'A Big Win' for Nebraska Farmers and Ranchers
LINCOLN - Today, Governor Pete Ricketts issued a statement following news that Japan's National Diet had approved a new trade agreement with the United States. The agreement was negotiated earlier this year by President Donald J. Trump and Japan's Prime Minister Shinzō Abe.
'Thank you to our friends in Japan for swiftly approving this new trade agreement,' said Gov. Ricketts. 'President Trump's deal with Japan is a big win for Nebraska farmers and ranchers and for Japanese consumers. It reduces Japan's tariffs on beef, pork, corn, and other Nebraska-grown crops, which will help expand what is already Nebraska's top market for ag exports. Breaking down these barriers will grow the longstanding friendship between our two countries and give our Japanese customers even greater access to our high quality food.'
NEBRASKA AND JAPAN'S TRADE RELATIONSHIP
In 2018, Nebraska exported more than $1.1 billion of agricultural products to Japan. Last year, Japan bought more Nebraska beef, pork, wheat, and eggs than any other country. Japan is also the second-largest export market for Nebraska corn. Here is the total dollar value of Nebraska's top three ag exports to Japan.
Japan is also the leading international investor in Nebraska. Kawasaki and other Japanese companies support around 9,400 jobs across the state.
BACKGROUND ON THE U.S.-JAPAN TRADE AGREEMENT
Background provided by the Office of the U.S. Trade Representative in September:
More information can be found by clicking here.
The trade agreement between the U.S. and Japan is scheduled to take effect on January 1, 2020.