The CPTPP trade agreement, to which the United States is not a part, may cause headaches for domestic food producers:
“Any U.S. food and beverage manufacturers that exports to CPTPP member countries could also take a hit from this new Pacific trade agreement. And the economic damage isn’t likely to stop there because Japan has negotiated a trade deal with the European Union scheduled to go into effect on Feb. 1. The BBC reported that the EU-Japan Economic Partnership Agreement will establish an open trade zone with a market exceeding 600 million people, representing almost one-third of the world’s GDP.”
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