WASHINGTON – National Cattlemen’s Beef Association President Bill Donald released the following statement after the U.S. House of Representatives and U.S. Senate yesterday, Oct. 12, 2011, passed the free trade agreements with Colombia, Panama and South Korea. The statement is available via video here. The following is the statement.
“Well, today I’m in the nation’s Capitol and it is a great day for cattlemen all across the country. Why, you might ask? Because yesterday Congress ratified three important free trade agreements: Panama, Colombia and South Korea.
“We’ve been working on these for over five years, and the reason we’ve been so passionate and working so hard on them is because they will increase demand for our product. It’s like putting your product on sale for 40 percent off and you get to keep the same amount of money.
“You know, the president has been sitting on these waiting for the right time, and he finally passed them on to Congress. Congress acted very quickly and got them ratified. Now it’s off to the president’s desk to be signed into law. And then, we will begin to reduce those tariffs from 40 percent in Korea, down to zero. That’s a big number for America’s ranchers.”