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In 2023, Peru was the 28th-largest market for U.S. agricultural exports, valued at $851 million, making it the 3rd-largest market in South America. The U.S.-Peru Trade Promotion Agreement (PTPA) entered into force in February 2009, and U.S. agricultural exports reached $1 billion for the first time in 2014, peaking at $1.36 billion in 2018. The United States accounts for 14 percent of Peru's agricultural import market share, positioning it as the second-largest supplier to the country.

There is an array of opportunities for U.S. agricultural exporters in Japan, though its unique culture and regulatory environment present challenges.

The Government of Japan introduced new support measures to enhance the competiveness of domestic cheese producers as Japan prepares to enter into free trade agreements with the European Union....

Japan will provide preferential dairy access to the European Union (EU), New Zealand and Australia through two separate free trade agreements which could enter into force as early as 2019.

On April 20, 2018, Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) invited public comments on revised Japan Agricultural Standards (JAS) for sawn lumber and Cross Laminated Timber....

The Government of Japan revised the national liquor tax law in 2017.

On April 17, 2018, Japan’s Ministry of Economy, Trade and Industry (METI) announced a revision to its biofuel policy that creates a market opportunity for up to 366 million liters....

High prices for Japanese table rice led to Japan’s full utilization of the simultaneous buy and sell quota (100,000 MT) in Japanese fiscal year 2017, and are expected to lead to continued....

On March 15, 2018, Japan notified the World Trade Organization (WTO) that it will apply the organic Japan Agricultural Standard (JAS) to foods that contain ingredients of animal origin....

On December 8, 2017, Japan and the European Union (EU) announced the finalization of negotiations on the Japan-EU Economic Partnership Agreement (EPA).

On April 1, 2018, Japan’s duty on U.S. frozen beef reverted to 38.5 percent as the special safeguard system reset for the new Japanese fiscal year.

Japan is the fourth largest export market for U.S. exporters of food and agricultural products.