The U.S. Department of Agriculture’s Economic Research Service this week released two reports covering different aspects of the Trans-Pacific Partnership.
The Trans-Pacific Partnership is a trade and investment agreement under negotiation by 12 countries in the Pacific Rim. This report assesses this partnership's potential impact on the region's agriculture in 2025, which is the likely end date of the pact’s implementation.
The proposed Trans-Pacific Partnership would lead to more agricultural exports to Japan from TPP partners, likely dominating the total agricultural trade impact of such an agreement. Despite those increases, especially in the rice, beef and dairy sectors, the agreement would reduce Japan's output only marginally.
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