United States Trade Representative Michael Froman and Ag Secretary Tom Vilsack have announced the European Union has agreed to an extension of a memorandum of understanding. That deal allows export of high quality U.S. non hormone beef into the European Union. Nebraska Cattlemen Association Executive Vice President Pete McClymont says that’s a very important measure for all of America’s cattle producers.
Since the first memorandum was issued up till now the value of U.S. high quality beef exports has increased by 300 percent. McClymont says that’s very good news.
McClymont is hoping that this high quality beef success will lead the Europeans to open to hormone treated beef and that will be addressed during the Trans Atlantic trade discussions which ramp up in October.
Under this second MOU, the European Union is maintaining a zero duty free tariff on high quality non hormone beef until August of 2015.