According to Nikkei Asian Review, the Japanese government is close to offering to cut its import tariff on pork from the European Union
The proposed reduction, now in late-stage discussions in Tokyo, would bring pork tariffs to the same level to which Japan agreed in the Trans-Pacific Partnership multilateral trade pact.
Pork ranks alongside dairy products as a high priority for the EU side. The EU is Japan's largest source of imported pork, accounting for 17% of the Japanese market for the meat. Denmark and Spain contribute 70% of this share.
Japan applies three different tariff rates on imported pork, depending on price per kilogram. Tokyo is looking to reduce the tariff on pork priced in the upper 400 yen ($3.60) range and below. The rate for the 300 yen range would fall to one-fifth the current level, while the high-end rate would be eliminated in the 10th year after an agreement enters into force.
Monday June 12, 2017/ Nikkei Asian Review/ Japan.