Today, Governor Pete Ricketts issued a statement following news that the United States and Japan had agreed to enter trade negotiations. The agreement came at a summit meeting in New York between President Donald J. Trump and Prime Minister Shinzo Abe.
“Japan is Nebraska’s number one direct international investor and our second largest trading partner outside of North America,” said Governor Ricketts. “Last year, Nebraska experienced double-digit growth in beef and pork exports to the country. A new deal with Japan is critical to sustaining that growth into the future. Nebraska is grateful for the personal attention both President Trump and Ambassador Lighthizer have given to pursuing a new deal, and I appreciate that our friends in Japan are coming to the table to negotiate around our shared goals. A new trade deal represents a big growth opportunity for both countries, and I hope negotiations move swiftly.”
NEBRASKA AND JAPAN’S TRADE RELATIONSHIP
Japan is Nebraska’s fourth largest export market, with over $1 billion worth of exports in 2016. The country is Nebraska’s largest direct international investor with Japanese companies employing about 9,400 people in Nebraska. They are a top-3 customer for Nebraska beef, pork, eggs, corn, wheat, and soybeans.
- · Beef: $316.1 million – #1 market
- · Corn: $244.2 million – #2 market
- · Pork: $198.4 million – #1 market
- · Soybeans and Soybean Products: $81.5 million – #3 market
- · Eggs: $16.8 million – #1 market
- · Wheat: $13.9 million - #2 market
Information provided by Gov. Pete Ricketts Office