The Japanese government has proposed sharply cutting its tariff on a certain amount of U.S. pork over a 10-year period in talks with the United States on the Asia-Pacific free trade initiative.
The 12 countries involved in the Trans-Pacific Partnership free trade initiative are planning to hold a ministerial meeting in mid-March, with Singapore emerging as a candidate host country, sources close to the negotiations said Sunday.
Tokyo also proposed a safeguard system during ministerial-level negotiations with Washington in September, a measure which will be triggered if pork imports from the United States exceed a quota to be set, they said.
The lower tariff will be applied to the quota Japan plans to set based on the current level of pork imported from the United States.
Monday February 2, 2015/ Japan Times/ Japan.