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Us Japan Trade Agreement Fact Sheet

by on Oct.13, 2021, under Uncategorized

10. U.S.-Japan Trade Agreement, Annex I: Japan`s Tariffs and Customs Provisions, I-B-5-1; (12) General Note 4(a)(k) to Annex II to the Trade Agreement. Japan`s tariffs on chilled and frozen cuts of beef in the U.S. will be reduced from 38.5% to 9% over 15 years. Tariffs on cattle songs will fall from 12.8% to zero by 2028 and on other products by 2030. Tariffs on processed beef products will be gradually zero over the next five to fifteen years, depending on the product. Cuts of beef chilled and frozen in the United States are subject to a U.S.-specific annual safety measure, which starts at 242,000 tons and will be increased according to the schedule outlined in the USTR Beef Fact Sheet. A single consultation mechanism for this Agreement for safeguard measures is also included, as set out in the Beef Information Sheet, in the subsidiary letter on safeguard measures and in the USMEF sheets published below.

The Office of the U.S. Trade Representative (USTR) has released several fact sheets on the agreement, including the following: 4 Companies dealing with Japan and U.S. trade are encouraged to review the text of the agreements and understand the potential benefits. To do this, companies can consider emergency measures: USMEF`s slides, which detailed the main details of the agreement, are available online. If you have any questions, please contact Erin Borror. 8. #.

Safeguard measures: This agreement provides for Japan`s limited use of safeguard measures for an increase in imports of beef, pork, whey, oranges and racehorses, which will end in time. 15. US Customs and Border Protection, CSMS #41149692, US-Japan Trade Agreement: information on the use of preferential treatment. The Digital Agreement is a separate agreement that establishes rules in the digital space15 The content of the Digital Agreement is practically in line with the provisions of the Agreement between the United States, Mexico and Canada (USMCA). Notable provisions include the prohibition of customs duties on electronically transmitted content (e.g. .B. software and music) and the recognition of an electronic signature as a legally appropriate means of authentication.

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