This New Year begins with two new trade deal that have taken effect. National Cattlmen’s Beef Association Director of International Trade Kent Bacus says the bilateral trade deal with Japan has lowered trade tariffs in Japan. “It puts us on par with all of our competitors from Australia to New Zealand, Canada and Mexico.” A trade agreement is also in place with the European Union. “The EU is the most protectionist market in the world, but with this deal with the EU, we’re now going to have a U.S.-specific 35,000 metric ton duty-free quota just for U.S. beef.” There is one caveat, the European Union only accepts non-hormone treated beef.
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