USMEF Audio: Extension of EU Negotiations is Positive for U.S. Beef Industry
Officials from the United States and the European Union have agreed to extend negotiations aimed at resolving the two-decades-old trade dispute regarding beef produced with growth promotants. April 23 was the date on which the Office of U.S. Trade Representative was scheduled to impose carousel retaliation measures raising duties on a new lineup of products imported from the EU. But this action has been delayed until at least May 9, as the two sides continue negotiations on a compromise solution that would leave the EU’s growth hormone ban in place but provide other trade relief that may allow the United States to export a higher volume of beef into Europe.
Audio Clip #1 :18 Outcue: (…we don’t have today.)
Lively explains that while retaliatory measures give the United States leverage in reaching a settlement, a compromise solution allowing more U.S. beef to enter Europe would be a far more beneficial outcome for the U.S. beef industry.
Audio Clip #2 :19 Outcue: (…no value at all.)
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