The National Cattlemen’s Beef Association (NCBA) lauded the signing of an agreement between the U.S. and Japan to increase the Beef Safeguard Trigger level under a trade agreement between the two countries.
Kent Bacus, NCBA senior director of international trade and market access, says the agreement underscores the importance of a mutually-beneficial relationship between U.S. cattle producers and Japanese consumers.
“We are hopeful that the improved safeguard will provide greater certainty for all segments of the supply chain,” Bacus says. “We thank Ambassador Tai for her continued efforts to reduce trade barriers and expand export opportunities for American cattle producers.”
In March 2021, Japan and the U.S. entered negotiations after record-setting beef exports triggered the safeguard provision in the U.S.-Japan Trade Agreement. The increase in the Beef Safeguard Trigger will allow American producers to continue exporting high-quality beef to meet Japanese consumer demand. U.S. beef exports to Japan hit $2.3 billion in 2021.
(From the National Association of Farm Broadcasters)