Japan: Free Trade Agreements Pose Challenges for U.S. Processed Products

A free trade agreement (FTA) between Japan and members of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), as well as a soon-to-be effectuated FTA between Japan and the European Union (EU) will lead to increased market competition for U.S. exports of processed products to Japan. In 2017, Japan imported $3.32 billion of processed products (classified under Chapter 20 of harmonized code), of which $626 million (19 percent) was from the United States.

Japan: Free Trade Agreements Pose Challenges for U.S. Processed Products