The National Potato Council cheered the passage of the U.S.-Japan Agreement on Agricultural Trade by Japan’s Upper House in a press release today. Pending official announcements by both countries’ trade ministries, the pact will be enacted on January 1, 2020.
“As the largest export market for U.S. potatoes, Japan is vital for the continued health and prosperity of America’s potato growers and industry partners. Today’s action will restore tariff reductions and place the U.S. potato industry on a level playing field with our foreign competitors. Looking forward, NPC and our domestic partners will continue to work to expand access to the vital Japanese market for high quality U.S. potato exports,” said Kam Quarles, CEO of the National Potato Council.
“Today’s action solidifies the trade benefits previously negotiated under the Trans-Pacific Partnership Agreement, and the U.S. potato industry appreciates the work of Ambassador Lighthizer, Secretary Perdue, and the teams at the Office of the United States Trade Representative, the Foreign Agricultural Service, and the Animal Plant Health Inspection Service for getting this pact over the finish line,” said Jared Balcom, Chairman of NPC’s Trade Affairs Committee and a farmer from Pasco, Washington.
Once fully implemented, the agreement will reduce and eventually remove tariffs on U.S. frozen and flaked potatoes. Japan is the U.S. potato industry’s largest export market with exports totaling over $350 million in the past year. Given a competitive tariff regime and reasonable market access agreements, it is believed that this market can grow by another $150 million annually (42%) in the very near future.
