U.S. wheat to Japan vulnerable under CPTPP

With the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) set to take effect Dec. 31, U.S. Wheat Associates President Vince Peterson Monday urged the U.S. Trade Representative to seek a fast solution for vulnerable American wheat exports to Japan.

Testifying Dec. 10 at a public hearing, Peterson thanked the Trump Administration for making negotiations with Japan a priority and explained the CPTPP’s threat to U.S. wheat exports.

The CPTPP will cut the effective tariff on Canadian and Australian wheat to Japan, eventually to a reduction of about $70 per met...