Japan: FTAs Expected to Have Minimal Impact on U.S. Sorghum
The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement will enter into force on December 30, 2018, and a free trade agreement between Japan and the European Union is expected to enter into force on February 1, 2019. The two agreements could bring about a limited increase in market competition for U.S. sorghum and sorghum products as both agreements contain sorghum tariff concessions. Japan imported 520,000 metric tons (MT) of sorghum in 2017, valued at US$103.5 million. U.S. sorghum accounted for roughly 40 percent of Japan’s imports (by both volume and value).