Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Sake, wine tariffs eyed for removal (Japan)
Japan News ^ | 10/14/2013 | Yomiuri Shimbun

Posted on 10/13/2013 11:26:55 PM PDT by TexGrill

The Yomiuri ShimbunThe government and ruling parties have started to consider scrapping tariffs on imported wine, an idea that would, in turn, call on other negotiators in the ongoing Trans-Pacific Partnership free trade talks to eliminate tariffs on sake, government sources said.

The move suggests that the government and ruling parties believe the mutual removal of tariffs would greatly benefit domestic consumers while also increasing sake exports from Japan, according to the sources.

The idea to eliminate tariffs on wine was a Japanese response to a request made by Australia and New Zealand, the sources said. The government and the ruling parties will study measures to support domestic wine producers, who are bound to be dealt a blow if wine tariffs are abolished, as it would result in increased imports.

Meanwhile, Japan will aim to increase its sake exports by requesting the other negotiators in the TPP talks to remove levies on sake, according to the sources.

Currently, imported beer and whiskey are tariff-free, but Japan levies a tariff of 15 percent of the price of imported wines, or ¥125 per liter.

In the TPP talks in which 12 countries, including Japan and the United States, are taking part, the negotiators are proceeding with a goal of setting the liberalization rate—the percentage of trade goods for which tariffs could be removed—at 95 percent or more.

(Excerpt) Read more at the-japan-news.com ...


TOPICS: Agriculture; Business/Economy; Food; Society
KEYWORDS: japaneconomy
Global business tip
1 posted on 10/13/2013 11:26:56 PM PDT by TexGrill
[ Post Reply | Private Reply | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson