The cherries free trade agreement refers to the agreement established between countries to promote the free trade of cherries. This agreement is essential to the movement of cherries globally and helps to support the cherry industry in different parts of the world.

Cherries are among the most popular and delicious fruits globally, enjoyed by people of all ages. For cherries to get to consumers, they usually have to be transported from their country of origin to other countries. This process of cross-border cherry transportation can be challenging, as different countries have varying regulations and tariffs affecting the trade movement of cherries.

The cherries free trade agreement helps to address these challenges by removing barriers to trade, including tariffs and taxes. Countries that sign the agreement are bound to follow the rules set forth, ensuring that the global cherry market operates smoothly.

For instance, the United States has signed and ratified the cherries free trade agreement with Japan, which has significantly boosted cherry exports. Before the agreement, Japan restricted the importation of US cherries by imposing high tariffs of up to 18%. However, with the cherries free trade agreement in place, Japan reduced these tariffs, making it easier for US cherry growers to access the Japanese market.

Similarly, Chile has signed a cherries free trade agreement with China, which has opened up its huge market to Chilean cherry producers. The agreement eliminates tariffs on cherries, allowing Chilean cherry growers to export their produce to China at lower prices, benefiting both growers and consumers.

In conclusion, the cherries free trade agreement plays an essential role in promoting the trade of cherries worldwide. By eliminating trade barriers, the agreement fosters increased exports and profits for cherry farmers and producers while also benefiting consumers. The agreement has undoubtedly boosted the global cherry market, promoting international trade.