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
09:19aDJCanada Weekly Earnings Up 2.2% in November from Year Ago
09:19a REXFORD INDUSTRIAL REALTY : Announces Pricing of Common Stock Offering
09:19a GLOBAL CONSUMER PACKAGING MARKET 2014-2018 : Key Vendors are Amcor, Crown Holdings, Owens-Illinois, Rexam and Tetra Pak
09:18a GLOBAL GENE EXPRESSION MARKET 2015-2019 : Key Vendors are Affymetrix, Agilent Technologies, Bio-Rad Laboratories, F. Hoffmann-La Roche, Illumina, Qiagen and Thermo Fisher Scientific
09:18a SCORPIO BULKERS : Announces Closing of Previously Announced Credit Facilities, Newbuilding Vessel Deliveries, and Time Charter-Out Agreement
09:18a TYLER TECHNOLOGIES : Fayette County Board of Education in Georgia Selects ERP System from Tyler Technologies
09:17a FORTIS : Notice of application to renew the electric franchise agreement between the Village of Champion and FortisAlberta Inc.
09:17a ALBEMARLE : Reports Fourth Quarter And Full Year 2014 Results
09:17a REGENCY ENERGY PARTNERS : Harwood Feffer Announces Investigation Of Regency Energy Partners
09:17a GAS NATURAL : Statement On Rehmann Investigative Audit Report
Latest news
Advertisement
Hot News 
NEXT FIFTEEN COMMUNICATIONS : Raises GBP4.3 Million, To Beat Expectations (ALLISS)
BEOWULF MINING : Says Kallak North Decision Expected In Late February
PRODUCE INVESTMENTS : To Miss Expectations On Potato Market Oversupply
FITBUG : Shares Up As Kiqplan Launches On Jawbone Marketplace
FREESCALE SEMICONDUCTOR : Studies from Freescale Semiconductor Yield New Data on Nuclear Science and Technology (Single-Event Transient Induced Harmonic Errors in Digitally...
Most Read News
03:30a UK MORNING BRIEFING : Royal Dutch Shell Leads London Losses
01/28 SCHRODERS : raises fees on £1bn Corporate Bond fund
01/28 CANACOL ENERGY : Tests 21 MMSCFPD at Clarinete 1 Gas Discovery in Colombia
01/28 SAMSUNG ELECTRONICS : Qualcomm says key customer passed on new chip, stock drops
01/28 Qualcomm says key customer passed on new chip, stock drops
Most recommended articles
09:13a VW could save much more than 5 billion euro at core brand - labour chief
09:11a Russian central bank seen holding rates for now despite economic slump
09:08a German inflation turns negative for first time since 2009
09:08a CAMPBELL SOUP : to rejig business according to product categories
09:08aDJMARKET SNAPSHOT : U.S. Stock Futures Higher After Jobless Claims
Dynamic quotes  
ON
| OFF