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 JAPAN
 Trans-Pacific Partnership

Japan is a Key U.S. Export Market

  • Valued at $4.1 trillion, Japan's economy is the third largest in the world*
  • $62.4 billion in goods and $44.3 billion in services in 2015 were exported from the United States to Japan
  • 28,020 U.S. companies exported goods to Japan in 2014 – 90.6% were small and medium-sized companies
  • 322,892 U.S. jobs supported by goods exports to Japan and 282,873 jobs supported by services exports to Japan in 2015

TPP Will Eliminate All Foreign Import Taxes on Industrial and Consumer Goods in the Top Export Sectors in Japan for U.S. Exporters

Before TPP

After TPP

Health
Products

$8.0 Billion
In Exports
To Japan

5.6% Current Maximum Tariff
in Sector


100%
of U.S. Goods Exports will be
Duty–Free Immediately
in Japan

Chemicals


$6.5 Billion
In Exports
To Japan

6.5% Current Maximum Tariff
in Sector


100%
of U.S. Goods Exports will be
Duty–Free Immediately
in Japan

Information and Communication Technologies

$4.8 Billion
In Exports
To Japan

4.8% Current Maximum Tariff
in Sector


100%
of U.S. Goods Exports will be
Duty–Free Immediately
in Japan

Machinery


$2.8 Billion
In Exports
To Japan

3.9% Current Maximum Tariff
in Sector


100%
of U.S. Goods Exports will be
Duty–Free Immediately
in Japan

Metals
and Ores


$2.1 Billion
In Exports
To Japan

7.5% Current Maximum Tariff
in Sector


99.7%
of U.S. Goods Exports will be
Duty–Free Immediately

in Japan


TPP Works for America

2,991,102:

Jobs Supported by Goods Exported to TPP countries in 2015
$679.6 Billion:

2015 Total
U.S. Goods
Exported to
TPP Countries
174,331:

U.S. Companies
Exported Goods to
TPP Countries in 2014
97%:

SME share of U.S. Goods-Exporting
Companies to TPP Countries in 2014
30%:

SME share of U.S. Goods Exports to TPP Countries in 2014

Market Opportunity Spotlights

Alaskan Pollock:

The United States is the sole supplier of Alaskan Pollock to the Japanese market, which imports $248 million on average each year. Alaskan Pollock faces a 4.2% tariff, which results in an estimated $10.4 million in annual duties levied on U.S. exports. Under its previous trade agreements, Japan has excluded Pollock from tariff elimination. However, under TPP, the 4.2% tariff will be eliminated immediately upon implementation, helping to make U.S. Pollock more competitive, to the benefit of U.S. fishermen.

Leather Goods:

TPP will provide U.S. exporters of leather goods and leather footwear significant new access to Japan’s market. Currently, those exports are significantly restricted by the import quota and high tariffs (up to 189%) Japan applies to those goods. Under TPP, Japan will immediately eliminate its quota for leather goods and leather footwear before phasing out all remaining tariffs.

* 2015 Nominal GDP
** TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
*** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

 


 

 

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