The European Union has agreed “in principle” to guarantee the United States a larger share of its beef market. Ten years ago, the EU established a 45,000 ton quota for beef from cattle that were not treated with growth promotants. Other countries, such as Australia, Argentina and Uruguay, got the most benefit from that quota. With this new agreement, the U.S. will be allocated 35,000 tons of that quota with the increase phased in over three years. EU Ag Commissioner Phil Hogan said this deal is part of an agreement made between the U.S. and Europe last summer.
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