WASHINGTON (March 24, 2022) – National Cattlemen’s Beef Association (NCBA) welcomes today’s announcement that the United States and Japan have reached an agreement in principle on the Japanese beef safeguard. As part of the terms of the Japan – U.S. Trade Agreement, both countries entered consultations after the volume-based safeguard was triggered in March 2021. NCBA strongly supported efforts to secure improvements to the beef safeguard that are mutually beneficial for Japanese consumers and American cattle producers.
“While the details of the agreement in principle have not been disclosed, NCBA is encouraged that today’s announcement means we are taking necessary steps to secure long-term solutions that enable American cattle producers to continue providing Japanese consumers with high-quality U.S. beef at competitive prices. NCBA greatly appreciates Ambassador Tai’s leadership and the hard work of negotiators who have been working on this effort for the past year,” said Kent Bacus, NCBA Senior Director of International Trade and Market Access.
Japan is one of the top export markets for U.S. beef, accounting for over $2.3 billion in U.S. beef sales in 2021.