The recommendation of a regulatory reform council in Japan in relation to the Trans-Pacific Partnership (TPP)  is an example of how newly-created competition under trade agreements can promote better-rationalized sectors. Trade’s Reform Benefits Japan has had one of the higher walls up against imports, and the result is some uncompetitive sectors. To help the nation transition to the more competitive environment of the Trans-Pacific Partnership (TPP), Prime Minister Shinzo Abe created a regulatory reform council. This panel has suggested that in order for Japan’s milk producers to be competitive against foreign suppliers, they need to be given the freedom to produce and sell as they desire. It proposes that future subsidies not be li...