LAHAINA, HAWAII – The United States is arranging to abolish its tariffs on imports of Japanese beef over a period of around 10 years under the Trans-Pacific Partnership, according to negotiation sources.
Washington is also planning to expand its low-tariff quota to 3,000 tons — a 15-fold increase — as soon as the pact takes effect, the sources said Wednesday.
Before the second day of a TPP ministerial meeting on the Hawaiian island of Maui, economic and fiscal policy minister Akira Amari told reporters: “The important thing is that tariffs (on Japanese beef) will be abolished in the end. Our demand is taking shape.”
To read the rest of the story, please go to: Japan Times