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How will the TPP help Japan?

Certain purchasing costs will be reduced, but seafood exporters will benefit the most.

Japan has been losing seafood purchasing power at home and abroad as buyers have struggled with long-term deflation over the last two decades.

The Trans Pacific Partnership (TPP) agreement, though, signed in October 2015 between Japan, the United States, Chile, Vietnam and eight other countries, could help in reducing the purchasing costs for species such as pollock surimi, sockeye and crab from Alaska; herring roe from Alaska and Canada; farmed salmon from Chile; and fishmeal from Peru and Chile -- among others.

But a question mark still remains on how the TPP can help drive up Japanese seafood imports, as exchange rat movements have been more of a critical factor for importers

On the other hand, the TPP will be good news for exporters, opening up new markets in places such as Vietnam, Chile and Mexico with the removal of tariffs on yellowtail, mackerel and Pacific saury.

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