Source: US Department of Agriculture Foreign Agricultural Service
On November 30, the Government of Japan approved the Export Expansion Action Strategy for Agriculture, Forestry, and Fishery Products, and Food with the stated goal to increase profits for businesses in these sectors. To achieve the overall export targets for these products of two trillion yen (US$19 billion) in 2025 and five trillion yen (US$48 billion) in 2030, the strategy identifies 27 products with export growth potential and outlines a course of action for increasing exports. In 2019, Japan’s total exports of agricultural and related products totaled 912 billion yen (US$8.8 billion). The Government of Japan did not identify new, dedicated funding to support this effort within the strategy document, which calls for a market driven approach and greater collaboration throughout the supply chain and across government.