TPP: The benefits for pork and pork products

The Trans-Pacific Partnership (TPP) will provide significant new market opportunities for U.S. exporters, promoting economic growth in 11 countries across the Asia-Pacific region and expanding demand for U.S. food and agricultural products among nearly 500 million consumers outside the United States.

The benefits for pork and pork products are:

• Japan: Duties on more than 65% of tariff lines eliminated within 11 years and on nearly 80% within 16 years. Gate-price- specific duty reduced from 482 yen/kg to 50 yen/kg in 11 years.
• Vietnam:Tariffs, currently as high as 34%,eliminated in 5-10 years.
• Mexico: U.S. exports already duty-free under NAFTA.
• Singapore: U.S. exports already duty-free under existing trade agreement.
• Malaysia: All tariffs eliminated within 15 years.
• Canada: U.S. exports already duty-free under NAFTA.
• Australia: U.S. exports already duty-free under existing trade agreement.
• Chile: U.S. exports already duty-free under existing trade agreement.
• New Zealand: Tariffs, currently as high as 5%, eliminated within 3 years.
• Brunei: All tariffs eliminated immediately.
• Peru: U.S. exports already duty free under existing trade agreement.
• United States: Tariffs, currently as high as 6.4%, eliminated within 10 years.