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While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,
Vietnam, Thailand, and Burma (Myanmar) are part of the fastest developing region in the world and account for roughly 221 million of Southeast Asia’s population.
Taiwan is an important trading partner and offers many opportunities for sales of U.S. food and agricultural products.
There is an array of opportunities for U.S. agricultural exporters in Japan, though its unique culture and regulatory environment present challenges.
On December 8, 2017, Japan and the European Union (EU) announced the finalization of negotiations on the Japan-EU Economic Partnership Agreement (EPA).
Brazil’s consumers have a budding appetite for higher-value food products as the country’s economy recovers from a historic recession and its middle class grows.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
While the United States had a $16 billion agricultural trade surplus with the rest of the world in 2015, it ran a record $12 billion trade deficit in farm and food products with the European Union.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
On August 6, 2014, Russia issued an order banning certain agricultural imports from the United States, the EU-28, Canada, Australia, and Norway for one year.
A look at U.S. exports to South Korea in the year since since the United States-Korea Free Trade Agreement entered into force.