TRQs Underutilized in US-Japan Deal, USDA Says
U.S. fill rates for certain Japanese agricultural tariff-rate quotas “remained low” during the first half of the Japanese fiscal year 2021, USDA's Foreign Agricultural Service said Dec. 22. The agency said allocation volumes for a range of Japanese TRQs “represented…
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only 4-45 percent of the total TRQ available” from April 1 through Sept. 30. This was despite benefits offered by the U.S.-Japan Trade Agreement, USDA said, which created nine TRQs that established beneficial import tariffs for certain U.S. doughs, wheat, cheese, malt, whey, potato starch and more.