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The U.S.-Japan Trade Agreement (USJTA), which entered into force on January 1, 2020, improved market access for U.S. products through the creation of tariff-rate quotas (TRQs) for food wheat, wheat products, malt, processed cheese, whey, glucose and fructose, potato starch, corn starch, and inulin.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
In 2016, the Dominican Republic was the fifth-largest market, valued at almost $484 million, for U.S. consumer-oriented products in the Western Hemisphere after Canada, Mexico, Colombia and Chile.
U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).
LIne graph showing the growth of U.S. ag exports to Panama from 2002-2016. U.S. ag exports to Panama in 2016 reached $670 million.