Japan Farm Union to Continue Opposing TPP Trade Agreement

The head of Japan’s powerful agricultural lobby said Tuesday he told a U.S. trade official that the group will keep opposing the U.S.-led Trans-Pacific Partnership even after Japan joins negotiations for the free trade pact.

Akira Banzai, president of the Central Union of Agricultural Cooperatives, told a press conference in Washington that he told Wendy Cutler, assistant U.S. trade representative in charge of Japanese affairs, of the position during a meeting the same day.

Banzai quoted Cutler as saying she recognizes the union’s position but that the Japanese government has already agreed to work on achieving a high-standard and comprehensive agreement putting all items on the negotiation table.

The farm body has long opposed Japan’s joining the trade talks, saying the elimination of tariffs would damage the country’s farming sector with a possible influx of cheap imports once trade is liberalized.

Banzai also pressed the union’s case during meetings with officials of U.S. agricultural groups such as the USA Rice Federation after he arrived in the United States on Sunday.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza