What's the Background?
The Asian-Pacific region has more than 4.5 billion people, representing 60 percent of the world’s population. The elimination of all tariff and non-tariff barriers in the region would exponentially expand U.S. pork exports and create American jobs. The U.S. pork industry is the most competitive in the world and is well positioned to capitalize on the opportunities in the Asia-Pacific region. Over the past 11 years, on average, the United States has been the top pork exporting country in the world, sending $6.48 billion of pork to more than 110 countries in 2017. Exports added $53 – representing 35.5 percent of the $149 average value of a hog – to every U.S. hog marketed in 2017. Even with current trade restrictions, Japan is the largest value market and the second largest volume market for U.S. pork exports. In 2017, the United States exported more than 393,000 metric tons of pork to Japan, valued at $1.6 billion. U.S. exports to Japan, Vietnam, The Philippines and other nations in the region are suppressed by tariff and non-tariff barriers that would be eliminated through successful FTA negotiations.
Why Does it Matter to our Producers?
The growth of the U.S. pork industry depends on international markets where most new demand for pork originates. The Asia-Pacific region is the fastest growing economic region in the world. Competitor countries, such as the European Union, have negotiated free trade agreements with Japan and other Asia-Pacific nations. The United States will lose market share if it does not negotiate FTAs with Japan and other nations in the region.
What's NPPC's Position?
NPPC urges the United States to negotiate free trade agreements (FTA) with nations in the Asia-Pacific region, beginning with Japan, followed by Vietnam, The Philippines and others.