Beef producers attending last week’s Cattle Industry Summer Conference had an opportunity to learn about trade negotiations currently taking place between the United States and key trading partners. The Trans-Pacific Partnership (TPP) talks have been ongoing for some time, but took on a heightened level of importance for the U.S. meat industry when Japan officially joined the negotiations on July 25. The full list of participants now includes the United States, Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The next round of negotiations is set for Aug. 22-30 in Brunei.
The United States and the European Union held the initial round of negotiations on a potential Transatlantic Trade and Investment Partnership (T-TIP) July 8-12. The EU is a relatively small market for U.S. meat at this time, but the T-TIP talks represent a venue in which several trade barriers that have limited opportunities for U.S. exports can be addressed. The U.S. and EU also recently announced a two-year extension of the agreement that has allowed some U.S. beef from non-hormone-treated cattle to enter Europe under a duty-free quota.
In the attached audio report, U.S. Meat Export Federation (USMEF) President and CEO Philip Seng shares his thoughts with beef producers on the importance of these trade negotiations and the opportunities they hold for the U.S. meat industry.