Current U.S. dairy trade with Japan speaks volumes about that nation’s potential if barriers are removed. U.S. dairy shipments rose 13 percent to $284 million in 2012, keeping Japan the fifth - largest U.S. market despite prohibitive tariffs and non - tariff barriers in many of the largest dairy categories.
The 16th round of TPP talks just concluded in Singapore; the 17th round is set to take place in May in Lima, Peru. Japan will not likely join the talks until late August.
The entry of Japan will expand the TPP group to 12 countries, including Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Thailand has also expressed interest in joining.
The decision on Japan joining TPP is expected soon.