Facebook Twitter By NAFB News Service – Dec 4, 2019 Japan Approves Partial Trade Agreement with U.S. Japan’s Upper House of Parliament Wednesday ratified a partial trade agreement with the United States, which will go into effect on January 1, 2020. Ryan LeGrand, President and CEO of the U.S. Grains Council, notes that the agreement “solidifies trade with our second-largest corn market.”The agreement immediately reduces U.S. corn and sorghum imports for all purposes to a zero-tariff level, reduces the U.S. barley mark up and includes a staged tariff reduction for U.S. ethanol and U.S. corn, barley and sorghum flour. Also, U.S. feed and food corn, corn gluten feed, and DDGS will continue to receive duty-free market access.Meanwhile, the U.S. Meat Export Federation called the agreement “one of the biggest developments in the history of red meat trade.” With tariff rates mirroring those imposed on major competitors, USMEF’s forecast for 2020 is for U.S. beef and pork exports to Japan to reach $2.3 billion and $1.7 billion, respectively. Export volumes are projected to be roughly 360,000 metric tons for beef and 410,000 metric tons for pork. Home Indiana Agriculture News Japan Approves Partial Trade Agreement with U.S. Previous articleGrain Elevators Facing Tighter Margins, Revenue Pressures in 2020Next articleJune 20 Dicamba Restriction Explained NAFB News Service SHARE SHARE Facebook Twitter
Read Full Story In celebration of Constitution Day—the annual commemoration of the signing of the U.S. Constitution on Sept. 17, 1787—several Harvard Law School professors will speak about the document upon which the American legal and political systems have been built. More details here.Associate Justice of the U.S. Supreme Court and former Harvard Law School Dean Elena Kagan ’86 shared lessons learned from her career and offered a glimpse into the court’s private world in a talk with HLS Dean Martha Minow. Watch the video here.