Unlike the U.S., Australia inked a direct bilateral deal with Japan in 2014, the Japan-Australia Economic Partnership Agreement (JAEPA), which took effect in 2015. This puts Australia in a more competitive position than the U.S. in terms of accessing the Japanese market. However, there is a potential equalizer. Japan-Australia Trade Agreement Threatens U.S. Beef in Japan As stated here previously, the primary opportunity for the U.S. in the Trans-Pacific Partnership (TPP) is Japan. The TPP involves 12 trading partners, including the U.S., from the Americas, Asia and Oceana. Moreover, all four of the non-U.S. partner countries from the Americas already have free trade agreements with the United States. Additionally, one of the two Oceana c...

TAGS – Livestock, Australia, Asia, North America