Nebraska's Third District benefits from its trade partnership with Japan, the world's third-largest economy. Japan purchases over half of Nebraska's pork and beef exports, worth $156 million and $405 million, respectively. Nebraska relies on Japan as its largest export market for pork and eggs, second largest market for beef, and third largest market for corn and overall agricultural exports.
Nebraska's beef sales to Japan have experienced exponential growth in the past two decades, thanks to efforts to meet Japanese demand for high-quality meat. Key representatives, including the chairman of the Ways and Means Committee's Subcommittee on Trade and the U.S.-Japan Caucus co-chair, are working to strengthen this historic partnership.
Congress should address tariff and non-tariff barriers in trade with Japan, as President Trump's 2019 agreement reduced tariffs on 90% of food and agriculture products. Expanding the partnership and approving a comprehensive agreement would maximize cooperation and growth, benefiting American producers and consumers.
Taiwan is a key ally in the Indo-Pacific region, and the US passed the 21st-century Trade First Agreement Implementation Act, demonstrating congressional support for the initial trade agreement. A resolution aims to prevent double taxation between the US and Taiwan.
Promoting long-term economic stability for American businesses and supporting trusted allies to counteract the influence of hostile actors are top priorities in Congress. Expanding market opportunities for Nebraska's exceptional products and advancing American interests globally remain focal points.
Any efforts to increase sales of high-quality Nebraska products to enthusiastic Japanese consumers are considered victories for farmers and ranchers in the Third District. Continued dedication to expanding markets while fostering international relationships is the ongoing commitment of representatives.
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Categories: Nebraska, Business