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Negotiations for a U.S.-Japan trade agreement being considered

• Updated Sep 27, 2018 at 3:30 PM

The United States and Japan reportedly are exploring possibilities to have a trade agreement.

On Wednesday, U.S. Secretary of Agriculture Sonny Perdue  issued the following statement regarding that day’s agreement between President Donald J. Trump and Prime Minister Shinz┼Ź Abe to begin negotiations for a U.S.-Japan Trade Agreement:

“Achieving high-standard trade agreements is a top priority for American agriculture, and the announcement of the beginning of negotiations for a U.S.-Japan trade agreement is an important step in that process. This is welcome news, since we know that export income is critical to the financial health of agriculture and is a key contributor to rural prosperity. Japan is an important customer for our agricultural products and we look forward to the great potential this breakthrough represents. Today’s announcement is further proof that President Trump’s approach to trade — standing strong for American interests and bringing other countries to the table — will benefit our entire economy, including the agricultural sector.”

The National Corn Growers Association (NCGA) welcomed the announcement that the United States and Japan would begin formal trade negotiations.

“Japan is a top export market for U.S. corn and, for many years, U.S. corn farmers have valued this long-standing partnership,” NCGA President Kevin Skunes said. “Since withdrawing from the Trans-Pacific Partnership, NCGA has urged the administration to re-engage Japan in negotiating a trade agreement. The announcement that talks will begin is welcome news to American corn farmers.”

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