EU Extends Beef Import Pact with US05 August 2013
US/EU - The European Union is to continue to provide US beef producers with significant access, at zero duty, to the EU market for high-quality beef produced from non-hormone-treated cattle.
The United States and the European Union are planning to extend Phase 2 of the Memorandum of Understanding signed in 2009 for two years.
The MOU was drawn up because of the United States' long-running dispute with the European Union over its ban on beef from cattle treated with certain growth-promoting hormones.
In the year since Phase 2 began, US beef shipments under the quota were an estimated $200 million, up 300 per cent from the value of exports in the year before the MOU entered into force.
Under the extension, the EU would maintain until August 2, 2015 its duty-free tariff rate quota for high-quality beef, established pursuant to the MOU between the United States of America and the European Commission Regarding the Import of Beef from Animals not Treated with Certain Growth Promoting Hormones, at the Phase 2 quantity of 45,000 metric tonnes a year.
"I am very pleased that American ranchers and meat processors will be allowed to ship substantial quantities of high-quality U.S. beef into a market worth millions of dollars to their bottom lines," said United States Trade Representative Michael Froman.
"Before the memorandum of understanding was signed, the EU's beef market had been largely closed for far too long. The substantial market access that we have achieved since 2009 shows what we can accomplish with practical, problem-solving approaches to trade barriers."
"Since 2009, this agreement has greatly expanded opportunities for U.S. beef producers to export high-quality products to the European Union," said Secretary of Agriculture Tom Vilsack.
"By working together with our EU partners to extend this agreement, we have maintained access to a key market for beef products, and set the stage for further progress. USTR and USDA will continue working closely with our trading partners around the world, including the EU, to further expand trade access for U.S. agricultural products."
TheCattleSite News Desk