Japan lifts 20-year ban on Argentine beef, opening $3B market

Argentina's Economy Minister Luis Caputo announced a bilateral agreement allowing Argentine beef exports to Japan for the first time in two decades, ending a ban likely tied to past foot-and-mouth disease concerns. The deal opens a market valued at $3 billion, though specific quotas, sanitary conditions, and implementation timeline remain unspecified. This marks a significant trade normalization for Argentina's agricultural sector and a strategic diversification for Japan's beef imports.