NCBA Trade Guru Kent Bacus Very Excited About the Potential of Getting the US- Japan Trade Deal CompletedMon, 26 Aug 2019 19:17:17 CDT
While the "devil is in the details," Director of International Trade and Market Access at National Cattlemen's Beef Association, Kent Bacus, is "very excited" about the deal announced on Sunday by the US and Japan to move toward a trade deal between the two countries.
Bacus says the announcement "sets the stage for our negotiators to meet over the next few weeks to work out the details." He adds that for the beef cattle industry "holds a lot of promise movng forward." Bacus is hopeful that tariff levels will drop for US Beef and match levels now enjoyed by competitors- including Australia, Canada and even Mexico. These countries have an eleven percent advantage in tariffs they are charged versus what is charged against US Beef- because they are all members of the revised Trans Pacific Partnership that is now known as CPTPP.
Bacus reminds cattle producers that Japan is our number one customer in the international market- and that time is of the essence when it comes to getting this deal across the finish line and fully implemented- saying "getting it implemented as soon as possible, because we have got to get on a level playing field with our competitors or we are going to start seeing significant losses in our most important export market."
Hear Bacus and Hays talk about the deal with Japan by clicking on the LISTEN BAR below.
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