Trump Holds U.S.-Japan Signing Ceremony in White House
On Monday, October 7th, President Trump held another signing ceremony for the U.S.-Japan Free Trade Agreement. The initial signing ceremony took place September 25th between Japanese President Shinzo Abe and President Donald Trump. The agreement is slated to provide new market access for many U.S. agricultural commodities, but the agreement does not include any new market access for U.S. rice. The agreement is set to go into effect January 1, 2020.
The new agreement was applauded by many in U.S. agriculture, but the U.S. rice industry expressed dissatisfaction for being excluded from the agreement. While the Trump administration recognized the exclusion of rice, they did indicate that this agreement was the first of a series of agreements between the two nations, and that future rounds could potentially provide opportunity to provide more market access for U.S. rice.