Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

01/28/2013 | 01:04pm US/Eastern

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
React to this article
Latest news
Date Title
<1m ago THALES : Statement from the Board of Directors
1m ago MARFIN INVESTMENT : MIG Investor Release 9M 2014
1m ago AVIVA : Form 8.5 (EPT/RI) - Friends Life Group Limited
1m ago AVISTA : Schedules Outages to Complete Undergrounding Power Lines near Calder, Idaho
1m ago AVIVA : Form 8.5 (EPT/RI)-Aviva Plc
1m ago OECD ORGANISATION FOR ECONOMIC OPERATION AND : International trade statistics: trends in third quarter 2014
1m ago SECOND CUP : Cost-saving point of sale technology firm supply UK’s first Canadian Coffee chain
2m ago SONY : secretive division planning innovative watch made out of e-paper
2m ago RESEARCH AND MARKETS : Global Smart Glasses Component and Technology Markets Report 2014
3m ago NIKE : Kanye West to swap music career for more lucrative 'fashion'
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : *citigroup raises carphone warehouse price target to 480 (430) pence - 'buy'
IMPAX ASSET MANAGEMENT : Raises Dividend As Pretax Profit Rises
DRIVER : Shares Hit Seven Week High After Big Oman Contract Win
GLOBAL BIOENERGIES : Successful First Trial in Its Industrial Pilot
AUGEAN : Capital Markets Day
Most Read News
1d ago GOPRO : Hero 3 Christmas Discount Covered in New Price Guide at ReelGifts.com
1d ago APPLE : Global tablets expected to slow in 2015, led by iPad shipment downturn
1d agoDJWAL MART STORES : Cuts Nearly 30 Directors and Midlevel Managers in China--Spokesman
57m ago Low expectations for oil output cut as OPEC meets
4h ago LEGAL & GENERAL : £2.5bn TRW Pension Scheme bulk annuity contract'
Most recommended articles
2m ago EURONEXT : says glitch affecting market indices fixed
5m ago France's Hollande says Juncker investment plan needs more money
10m ago ECB's Draghi - Lack of reform threatens permanent divergence in euro zone
15m ago China may soon announce plan to insure deposits - sources
16m ago Flat FTSE lags euro zone peers as energy stocks weigh
Dynamic quotes  
ON
| OFF