A new report projects export losses for the U.S. dairy sector of up to $1.3 billion within 10 years because of lack-of-access to the Japanese market. Dairy groups and officials are sending the industry-funded study to President Donald Trump, administration officials, and to members of Congress, stressing the need for expanding market access overseas.
The report points out that the U.S. is the only major dairy-exporting country not included in one of two new trade deals with Japan. The report was commissioned by the U.S. Dairy Export Council and conducted by a Tokyo-based consulting company.
Countries like Australia, New Zealand, and Germany all have better terms with Japan under the Trans-Pacific Partnership, as well as a new economic partnership with the European Union.
The Dairy Export Council is also concerned that a potential trade agreement with Japan may get lost in the shuffle of other trade agreements.