The Japanese Market for U.S. High-Value Products: Effects of the GATT-11 Agreement

Ruth Elleson

No 278783, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This study examines the effects of the 1988 GATT-11 Agreement on U.S. exports to Japan. The agreement was reached by the General Agreement on Tariffs and Trade (GATT) after bilateral negotiations between Japan and the United States broke down. The commodities covered under the agreement include a diverse group of semiprocessed, high-value agricultural products (HVPs). During the 6- year period 1988-93, Japanese imports of these commodities increased substantially, and imports from the United States increased around $100 million. The agreement, therefore, has been beneficial to the United States as well as other suppliers. In Japan, the growing difficulty of relying on domestic suppliers is encouraging retailers to look abroad for many types of high-value products. During the next decade, the list of products needed by Japan is expected to expand far beyond the original GATT-11 commodities.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 37
Date: 1995-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278783

DOI: 10.22004/ag.econ.278783

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