Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  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


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
06:18a OMNIA : Lawmakers want feds to slow Horizon plan
06:14a ALLERGAN : Data Presented at IDWeek Reports AVYCAZ™ (ceftazidime and avibactam) Demonstrated In Vitro Antimicrobial Activity Against Common Enterobacteriaceae Pathogens, Including Certain Carbapenem-Resistant Strains
06:09a TRIPADVISOR : Curry house is named the nation's No 1
06:09a AEROFLOT : Information for Transaero passengers with tickets for 11 October 2015
06:09a KEC : wins orders of Rs. 668 crore
06:08a TATE & LYLE : Sweet taste of success ; Letters
06:08a BRUNEL : Kestrel captured in stunning close-up above Brunel's line
06:07a GREAT WESTERN MINING : 'Trains slower than 1977' - claim defended
06:07a GOGO : Man with dead cat inside car is son of retired San Jose police captain
06:06a SOTHEBYS : Picasso masterpiece up for estimated Pounds 39m
Latest news
Hot News 
6D GLOBAL TECHNOLOGIES : SIXD Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of 6D Global Technologies, Inc.
ADGORITHMS : Annual Earnings To Miss Expectations On Market Disruption
UTi Announces Agreement to be Acquired by DSV in Transaction Valued at $1.35 Billion
SMART TECHNOLOGIES : Updates Financial Outlook and Announces Strategic Review
SOLARWINDS : DameWare Remote Support Enhances Over-the-Internet Desktop Troubleshooting Capabilities
Most Read News
10/09 NASDA NATIONAL ASSOCIATION OF STATE DEPARTMENT O : South Carolina: Statement from Commissioner Hugh Weathers about Rain Damage
10/09 GOMEZ TRIAL ATTORNEYS : and Baron & Budd, P.C. File More Butte Wildfire Lawsuits
10/09 Goldberg Law PC Announces an Investigation of Claims Against Ocean Rig UDW Inc. on Behalf of Investors
10/09 IMPORTANT INVESTOR DEADLINE : Goldberg Law PC Reminds Investors With Losses in Volkswagen AG of November 24, 2015 Deadline
02:17a Cruise news
Most recommended articles
05:45aDJIn Bank Earnings, Clues on Housing Market's Health
01:06aDJTV Trouble for Millions of Viewers as Dish, Tegna Hit Stalemate
10/09 Top Sectors and Industries To Watch During 3Q US Earnings
10/09 VOLKSWAGEN : Mexico expects first results in Volkswagen probe in three months
10/09 WEEKLY TRADING FORECAST : Will a Rebound in Equities Hobble the Dollar and Lift Carry Currencies?