Soy Growers: Japan Trade Deal Positive for Ag
Sept. 25, 2019
Washington, D.C. September 25, 2019. The American Soybean Association (ASA) supports a strong global marketplace and is pleased the White House has finalized a trade agreement with Japan, a top 10 export market for soybeans.
Davie Stephens, president of ASA and grower from Clinton, Kentucky, spoke on behalf of the association, “Japan has long been a valued and reliable trading partner for soybeans, and we appreciate that the agriculture component of this deal will assure continued market access for our beans and other ag products. As we go through the details of the agreement, we extend a thank you to the Administration for finalizing this deal.”
With a 63% market share, the United States is the largest soybean supplier to Japan, with exports totaling $976 million in 2017. ASA looks forward to working with the Administration on the next steps towards reaching a comprehensive free trade agreement.