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The E.U. and Japan have struck a trade deal in principle that if finalized, could put U.S. agriculture and other products at a competitive disadvantage in the huge Japanese market. The deal still needs technical work before the E.U. and Japan can implement it but this week’s announcement in the lead-up to the G-20 economic summit in Germany signals a possible loss for the U.S. and U.S. agriculture. D.C. Ag trade consultant and a former USDA trade chief, Paul Drazek…

 

 

Drazek suggests the US could have had from TPP, what Europe will now get from Tokyo…

 

 

Including U.S. beef and pork, which spurred the National Pork Producers Council to redouble its request to the White House to get going on a bilateral deal with Japan, the top market for U.S. pork at 1-point-6 billion dollars last year. Drazek says Tokyo may be in no rush after TPP to do a deal with the U.S.…

 

 

Drazek says Tokyo is watching how the U.S. handles NAFTA and whether it tries to add new trade-balancing import restrictions, ones that would also apply to Japan.

 
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