Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Brazil's Implementation of Tariff Rate Quota for Wheat a Win for American Farmers

Thu, 14 Nov 2019 17:33:04 CST

Brazil’s Implementation of Tariff Rate Quota for Wheat a Win for American Farmers U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue welcome Brazil's implementation of an annual duty-free tariff rate quota (TRQ) of 750,000 metric tons (MT) of wheat imports.


For many years, Brazil failed to implement its obligation under the WTO to establish a TRQ for wheat. Brazil's implementation of this TRQ fulfills a commitment made to President Trump by President Bolsonaro earlier this year and reflects a desire to deepen trade and economic ties between both countries.


"This solution to a long-standing problem is a result of the Administration's advocacy for American farmers and will allow our wheat exporters to compete on a level playing field," said Ambassador Lighthizer. "We look forward to increased exports of American wheat to Brazil."


Secretary Perdue said, "American farmers can compete with anybody when given access to customers. This is why we are working tirelessly to knock down barriers to our exports, like high Brazilian tariffs on our wheat. We are excited about the additional export opportunity U.S. wheat farmers will have with the opening of this TRQ. Exports are critical to the success of our farmers and the United States looks forward to once again having stable access to this important wheat market."


Background:


Brazil committed to implementing a 750,000 MT duty-free TRQ for wheat imports when it acceded to the World Trade Organization in 1994. The United States has long sought for Brazil to fulfill this commitment, culminating in a public announcement when Presidents Trump and Bolsonaro met in Washington in March. The duty-free TRQ will provide stable and predictable access to a market where U.S. wheat exporters have long had ready Brazilian customers. Prior to implementation of this TRQ, U.S. wheat typically entered Brazil at an applied 10 percent duty, in comparison to wheat from Brazil's MERCOSUR customs union trade partners, particularly Argentina, which enters duty-free.


Source: United State Department of Agriculture


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.