The Indo-Pacific Economic Framework has the potential to benefit U.S. cattle producers.
The U.S. Meat Export Federation says very few details about the framework have been released, but there is an opportunity to work with countries across the Asia Pacific region to remove trade barriers.
The Federation is focusing on establishing agreements related to foreign animal disease, and thinks Indo-Pacific talks could be a big win for American cattle producers.
“If there’s an opportunity to address some of these systemic barriers to trade, so, for example, gaining more beef access into markets like Korea and creating more opportunities for plants to get approved in markets like Malaysia and Indonesia, then this could potentially pose a significant boost to red meat exports in the future, providing that those issues can get addressed within the framework.”
Travis Arp says the U.S. Trade Representative should consider addressing tariffs, quotas and import licensing schemes with the countries involved.
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