Japan and Mexico free trade aGREement
From today, Japan's nine thousand pig farmers will experience something entirely new - competition. Under the terms of a landmark free trade aGREement with Mexico, pork will be subject to much lower tariffs along with a range of other products. In fact, more than ninety percent of Mexican products will have their tariffs cut altogether. This is the first time Japan has made such an agreement with a major trading partner. The only other free trade pact it has is with Singapore which produces none of the sensitive agricultural commodities Japan has always protected in the past.