Trans-Pacific Partnership (TPP) – Not!

Not for Japan.

The shortfall in butter at that time had gone on for nearly 2 years with the government facilitating emergency imports. The quota was raised by 700 tonnes through the TPP. Yet, in context, this represents merely 5% of the domestic intake. Policy support for local farmers remains strong as seen from the minuscule adjustments in what has been described as a ‘…state-controlled system’ that has failed.

 

Reference

Reuters. (31 Oct-1 Nov 2016). Japan still suffers butter deficit despite trade pact. Singapore. Business Times Weekend.

 

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