Japan maintains tariff trigger for US beef

13.12.2017

Japan is poised to maintain a provision that raises tariffs on frozen US beef in the event of a sharp increase in imports. The so-called safeguard measure was agreed on as part of the 1995 Uruguay Round of multilateral trade negotiations. In exchange for voluntarily lowering the beef tariff to 38.5%, Japan gained the right to raise it to 50% should import volumes exceed a predetermined limit.

The Ministry of Finance wants to maintain this framework in the fiscal year starting April 2018. This summer saw the safeguard put into use for the first time in 14 years. The ministry determined that imports of American beef exceeded the limit in the April-June quarter. The higher tariff will remain in place until the end of March 2018.

 

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