Japan to Allocate Increased Funds to Export Promotion, Trade Deal 'Countermeasures'
The Japanese Cabinet recently approved its 2019 supplementary budget, which will provide the Ministry of Agriculture, Forestry and Fisheries with $2.97 billion toward “trade agreement countermeasures,” according to a U.S. Department of Agriculture Foreign Agricultural Service report released Dec. 30.…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The $2.97 billion is about a 2 percent increase from the previous year, the USDA said, and will be allocated toward countermeasures that include “export promotion” and support to increase the number of cattle raised in Japan. The funding will also support Japan’s “livestock sector,” small and medium-sized family farms and “smart agriculture.”