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The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.
ATO Taipei, in partnership with twelve Taiwan craft beer breweries, delivered a successful craft beer festival that promoted ten U.S. ingredients through new-to-market, limited-edition craft beers.
Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
On April 21, Japan's National Tax Agency opened a public comment period for the Guidelines for Handling Alcoholic Beverages with Organisms Developed with Genome Editing Technology. The public comment period will close on May 25, 2023.
On April 3, Japan’s Ministry of Agriculture, Forestry and Fisheries announced tariff-rate quota (TRQ) volumes for dairy products during Japanese Fiscal Year 2023 (April to March).
Japan announced low tariff-rate quotas for butter (8,000 MT) and non-fat dried milk (750 MT) in Japanese fiscal year 2023.
The U.S.-Japan Trade Agreement (USJTA) will enter Year 5 of agreement implementation on April 1, 2023, eliminating tariffs on multiple products with staging categories where tariffs were reduced in four annual increments beginning on April 1 of Year 2 (April 1, 2020).
Japan introduced an emergency program to induce early slaughtering of less-productive dairy cows in March 2023 as an incentive to reduce excess milk production and support dairy farm management.
This report highlights Japan’s food processing industry, notable trends, and a market snapshot of western Japan.
In 2022, Taiwan imported record-high US$4.4 billion agricultural products from the US. Yet, due to COVID variants, the Russian invasion of Ukraine, labor shortage, and inflation issues, Taiwan's nominal Gross Domestic Product (GDP) decreased 0.17 percent at $774.7 billion.
Japan has a well-developed food retail market that demands high-quality, high-value agricultural and food products. Despite reduced economic activity during the COVID-19 pandemic, trade data show that agricultural imports have remained resilient.