Small Farmers Say Trade Pact to Hurt Agriculture

Play

Aug. 3 (Bloomberg) -- Wheat and rice paddies have become the battleground for a dispute between Japan's agricultural and business lobbies. The so-called Trans-Pacific Partnership started in 2005 as a pact to open the trade of goods, services and government procurement among members. Some of Japan's farmers and an agricultural cooperative say the nation's joining the agreement will kill the domestic farming industry. Business proponents say the TPP is needed to maintain competitiveness. Bloomberg's Yuriy Humber reports. (Source: Bloomberg)