Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

U.S. Senate Committee on Finance : Baucus Secures Victory for America’s Ranchers as Japan Accepts More U.S. Beef Exports

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/28/2013 | 07:04pm CET

For Immediate Release
January 28, 2013

Contact:

Sean Neary/Meaghan Smith
(202) 224-4515

Baucus Secures Victory for America's Ranchers as Japan Accepts More U.S. Beef Exports

Senator Pressed Japanese Leaders on Unscientific Beef Restrictions during Trade Mission Last Year

Washington, DC - Senate Finance Committee Chairman Max Baucus (D-Mont.) today hailed Japan's decision to import more U.S. beef by opening its market to cattle up to 30 months of age.  For several years, Japan has only accepted cattle less than 21 months of age.  The news follows a trade mission Senator Baucus took to Tokyo last summer, where he pressed Japan's prime minister and economic and trade leaders to bring Japan's policies in line with sound science and accept more U.S. beef.

"This is a win for ranchers in Montana and across the country and will mean more exports and more jobs here in the U.S.," Senator Baucus said.  "Japan is a huge market for our beef exports, and I'm thrilled it's finally taken a big step toward accepting sound science and welcoming more of our exports.  The simple fact is American beef is among the safest in the world, and the next step is for Japan to drop age-based limits altogether."

Japan was once the largest market for U.S. beef, with nearly $1.5 billion worth of exports sold there in 2000, according to the Department of Agriculture (USDA).  But it banned beef from U.S. cattle in 2003 when one case of bovine spongiform encephalopathy (BSE) was discovered in the U.S.  Since then, the USDA and the World Organization for Animal Health (OIE) have declared that U.S. beef - including cattle of all ages - is completely safe for consumption. 

Japan re-opened its market to American beef in 2005, but with the 21-month age limit in place.  Since collapsing after the ban, exports have rebounded to nearly $1 billion in 2012.  Japan is now the third-largest export market for U.S. beef after Mexico and Canada, according to USDA estimates.  Japan's decision today to accept more cattle will further increase opportunities for U.S. ranchers to boost exports to Japan.

Senator Baucus has a long track record of fighting on behalf of American beef exporters.  He immediately pressed Russia to reconsider limiting U.S. beef exports when it announced the plan last month.  And thanks to the bill he championed normalizing trade relations with Russia, the U.S. now has new tools to resolve that type of trade dispute.  While meeting with European leaders on economic issues last fall, Senator Baucus urged them to bring their policies in line with sound science and accept more U.S. agricultural products, including beef.  He worked with the administration to secure a commitment from South Korea to accept more U.S. beef as part of the U.S.-Korea free trade agreement, which went into effect last March.  He has consistently called on China to end its restrictions on beef exports, including during a trade mission when he met with then-Vice President Xi Jinping.  And the United Arab Emirates, Taiwan and Chile all recently dropped limits on U.S. beef exports after Senator Baucus pushed them to do so.

The Finance Committee has jurisdiction over international trade matters.

###

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
01:14a FEDEX : Launches Fifth Annual Small Business Grant Contest
01:13a OSISKO MINING INC. : Files Early Warning Report in Respect of Beaufield Resources Inc.
01:12a EXPEDIA : Coast cities 'under appreciated' AND 'artsy,' according to lists
01:12a OHIO ART : The Akron Beacon Journal Local History column
01:11a MANCHESTER UNITED : City outgun Monaco 5-3
01:11a NURI TELECOM COMPANY LIMITED : Purchases Additional Common Shares of Apivio Systems Inc.
01:09a ALLIANCE TRUST PLC : Update on Proposals
01:09a ALLIANCE TRUST PLC : Net Asset Value(s)
01:09a ALLIANCE TRUST PLC : Transaction in Own Shares
01:09a KUNLUN ENERGY : Profit Warning
Latest news
Advertisement
Hot News 
19.07%POPEYES LOUISIANA KITCHEN : Burger King and Tim Hortons owner to buy Popeyes for $1.8 billion
-7.95%JOHN WOOD : posts 62 percent fall in FY profit, shares fall
-6.54%HSBC : Plans Further Buyback After 4th-Quarter Net Loss Widens to $4.23 Billion
3.00%AHEAD OF THE TAPE : A Big Box of Trouble for Wal-Mart -- WSJ
2.69%CBS : Simon & Schuster Cancels Publication of Milo Yiannopoulos Book
Most Read News
06:47p Saudi Aramco selects lead underwriters for $100 bln IPO -WSJ
06:04p FORTESCUE METALS : FY17 Half Year Corporate Presentation
06:04p GRUPO AEROMEXICO DE CV : Aeromexico board says Delta offer for shares 'fair'
06:11p RE/MAX : Named Top 15 Fastest-Growing Franchise
06:05p RESTAURANT BRANDS INTERNATIONAL : Burger King owner to buy Popeyes for a whopping $1.8 billion
Most recommended articles
07:05p TERNIUM : to pay 1.26 bln euros to buy Thyssenkrupp's Brazilian mill CSA
07:04p Confident Snap brushes off concerns on second day of IPO roadshow
06:55p SAUDI ARAMCO SELECTS LEAD UNDERWRITERS FOR $100 BILLION IPO : Wsj
06:51pDJSaudi Aramco Picks J.P. Morgan, HSBC, Morgan Stanley as Lead IPO Underwriters
06:36pDJFURTHER MILESTONE REACHED ON STRATEGIC WAY FORWARD : Thyssenkrupp Sells Brazilian Steel Mill CSA To Ternium