|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Japan Strengthens Primary Sector Ahead of FTA with EU

TOKYO – The Japanese government launched on Friday measures to strengthen its agricultural and livestock sector ahead of the implementation of the free trade agreement between Japan and the European Union.

The Shinzo Abe administration planned to allocate around 300 billion yen ($2.69 billion) of the supplementary budget for the 2017 fiscal year for the cheese, pork and timber industries, government officials said on Friday.

The measures seek to prepare the country’s agricultural sector for the international competition that will arrive once the FTA, which was reached in July in principle on the main elements of an economic partnership with the EU, comes into effect.

The measures were issued following an agreement earlier this month between the 10 countries participating in the Trans-Pacific Partnership to implement an economic pact despite the United States’ withdrawal.

“The TPP and the Japan-EU economic partnership agreement are the trump cards for (Japan’s) growth strategy. I hope to realize economic growth by taking advantage of their merits as much as possible,” Abe said in a statement reported by Japanese agency Kyodo.

The measures, which include subsidies to livestock farmers, seek to reduce the production cost of dairy products and improve the efficiency of other industries, including timber.

The Japan-EU FTA will see the reduction of tariffs on 91 percent of imports from the EU to Japan; it is set to increase to 99 percent once the pact is fully implemented.

The two sides aim to approve a final text of the agreement by the end of the year to begin the ratification that will allow the pact to come into effect by early 2019.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved