Entry to new markets and strengthening current trade relationships could further improve export markets for American beef which already climbed to new highs in 2013.
In a weekly audio segment, the newest president of the NCBA, Bob McCan, says the association is working to open new markets and maintain robust beef trade.
The United States exported 1.17 million metric tons of beef in 2013, valued at $6.157 billion. The yearly total beat the 2012 value record according to the USDA. Increased shipments to many Asian countries helped beat the previous year’s record.
McCan says beef trade can be further improved with a new Trade Promotion Authority (TPA).
“It’s very important that we reauthorize a TPA for this administration to be able to streamline some of these trade packs going forward, give our government the authority they need to get these trade agreements pushed through to the benefit of not only ag producers but the American economy and jobs in general for the United States.”
McCan says beef producers will benefit from the Trans-Pacific Partnership which should be in the final rounds of negotiation in the next few months. The agreement could reduce high tariffs in major beef-importing countries, specifically Japan who purchased about $1.5 billion worth of U.S. beef.
He added another trade agreement between the U.S. and EU, the Transatlantic Trade and Investment Partnership trade deal, will be a challenge to finalize but will also present many opportunities.
“We know there are going to be some hurdles to overcome there but we feel it will be worthwhile to try to put something together there to help us sell more beef overseas.”