(NAFB) — It was a happy Thanksgiving for U.S. beef producers. The European Parliament voted last Thursday to approve a plan that grants the U.S. a country-specific share of the European Union’s duty-free, high-quality beef quota. The agreement was originally signed back in August. The U.S. Meat Export Federation was pleased to hear of the approval. “Approval by the European …
2019 Trade Aid May Violate WTO Commitments
(NAFB) — A recent independent report suggests U.S. trade aid in 2019 for farmers may surpass limits set in World Trade Organization commitments. The report for the American Enterprise Institute by Joe Glauber, a former Department of Agriculture Chief Economist, suggests the size of payments made to producers in 2019 may encourage other WTO members to challenge the payments. Glauber …
“Phase Two” U.S. and China Agreement not Imminent
(NAFB) — U.S. and Beijing officials, lawyers, and other trade experts all tell Reuters that a “phase two” trade deal between the U.S. and China is nowhere near imminent. The two largest economies in the world are still having trouble getting the phase one deal signed. Back in October, U.S. President Trump said he expects to quickly start on phase …
Feed Industry says China still has Partial U.S. Poultry Ban in Place
(NAFB) — The American Feed Industry Association says China’s lifting of its ban on U.S poultry imports is only a “partial” lifting. The association has received official confirmation from USDA’s Animal and Plant Health Inspection Service that the announcement only includes poultry imports for human consumption. It doesn’t include other poultry products, such as those used in pet foods. At …
ASI President on USMCA
Many in agriculture had hoped the U.S.-Mexico-Canada Agreement (USMCA) would be passed this year, but it now is appearing doubtful. After Speaker of the House Nancy Pelosi met with U.S. Trade Representative Robert Lighthizer and House Ways and Means Committee Chair Richard Neal last week, there was still no deal and there is not much time left on the legislative clock. Trade …
U.S. Pork Can Reduce Overall U.S. Trade Deficit with China by Nearly Six Percent
Nearly 200,000 New American Jobs; Doubling U.S. Pork Sales Among Other Benefits of Duty-Free Access to China Over 10 Years (NPPC) — Securing zero-tariff access to China for U.S. pork would be an economic boon for American agriculture and the country, according to the National Pork Producers Council (NPPC). Based on an analysis by Iowa State University (ISU) Economist Dermot …
Hoping to See More U.S. Beef in Japan
We told you last month that many cattle producers are looking forward to seeing more U.S. beef going to Japan. The U.S.-Japan Trade Agreement was recently signed by President Trump, but there are still many details that have to be ironed out first. National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, says part of the overall …
Georgia Pecans Enter Taiwanese Markets
GDA Expands Trade Efforts (GDA) — More than 51,000 pounds of Georgia pecans are headed to Taiwan and are expected to enter retail stores by mid-December. The pecan export purchased from a grower in Ocilla, Georgia is a direct result of bilateral trade efforts between Georgia and Taiwan. During October, Georgia Agriculture Commissioner Gary W. Black joined representatives from the Georgia Pecan Growers …
A Brighter Picture of Dairy Markets Here and Abroad
Dairy producers are receiving higher prices these days due to increased consumption both in our country and around the world. And according to a story from Rod Bain, that’s due in part to increased promotion.
U.S. and South Korea Reach Agreement on Guaranteed Market Access for American Rice
(USDA) – United States Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue are pleased to announce that the Trump Administration has reached an agreement with the government of South Korea on market access for U.S. rice. Under the agreement, Korea will provide access for 132,304 tons of U.S. rice annually, with an annual value of approximately $110 million. …