Dairy Report: US needs Japan for trade

A new report by Meros Consulting, a Tokyo-based company, for the U.S. Dairy Export Council (USDEC),  shows that trade deals negotiated by other countries with Japan are hurting U.S. dairy trade access.Japan is the fourth largest dairy export destination for U.S. dairy products. The new trade agreements with Australia, New Zealand and the European Union could deprive the U.S. of $5.4 billion in sales over the next 21 years as these agreements fully mature, estimates Meros.