Ethanol to Benefit From Japan Trade Agreement

Cindy Zimmerman

President Donald Trump and Japanese Prime Minister Abe signed a trade deal Wednesday worth billions for U.S. agricultural producers.

Under the market access agreement, Japan will open the market to approximately $7 billion in American agricultural exports, eliminating or significantly lowering tariffs for U.S. beef, pork, poultry, wheat, cheese, wine, certain nuts and berries, cherries, ethanol, and more. “So it’s a tremendous trade deal. It’s a very big trade deal,” said President Trump.

The Japanese Parliament is expected to approve the agreement later this fall and it could be implemented as early as Jan. 1, 2020.

Ethanol, Ethanol News, Exports, Trade