Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow

México Noticias Noticias

Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow
México Últimas Noticias,México Titulares
  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for product to enter the market regardless of age, the U.S. Department of Agriculture announced Friday.

Back in 2005, Japan imposed age restrictions on U.S. beef imports in response to the outbreak of bovine spongiform encephalopathy, sometimes known asAccording to the USDA announcement, Japan agreed to remove its 30-month cattle age limit for U.S. beef imports. The new terms, which take effect immediately, allow U.S. products from all cattle, regardless of age, to enter Japan for the first time since 2003, the government said.

The U.S. Meat Export Federation estimates that expanded access without the age restrictions could increase U.S. beef sales to Japan 7% to 10%, or by $150 million to $200 million annually. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan.

"There are countries and regions where it takes decades to build up to $200 million in beef exports," said Joe Schuele, a spokesman for USMEF. "And yet in Japan, we're going to add that business in really a short period of time. So in a way, this is kind of like opening up a whole new medium-sized market."

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

CNBC /  🏆 12. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

U.S. agriculture secretary urges Japan to reach trade dealU.S. agriculture secretary urges Japan to reach trade dealU.S. Secretary of Agriculture Sonny Perdue urged Japan on Monday to move swiftly...
Leer más »

Japan Finmin Aso: Sino-U.S. trade war won't trigger economic crisisJapan Finmin Aso: Sino-U.S. trade war won't trigger economic crisisJapanese Finance Minister Taro Aso said on Tuesday the Sino-U.S. trade war would...
Leer más »

Trump said to delay auto tariffs amid EU and Japan trade talksTrump said to delay auto tariffs amid EU and Japan trade talksPresident Trump is poised to delay a decision by up to six months to impose auto tariffs to avoid blowing up negotiations with the EU and Japan.
Leer más »

Analysis | The Finance 202: Trump dashes hopes of trade peace with China, Europe and JapanAnalysis | The Finance 202: Trump dashes hopes of trade peace with China, Europe and JapanAnalysis: Trump dashes hopes of trade peace with China, Europe and Japan
Leer más »

To Avoid Tariffs, This Japanese Copier Maker Plans Less ‘Made in China’To Avoid Tariffs, This Japanese Copier Maker Plans Less ‘Made in China’Ricoh said it plans to shift some production of copiers intended for American customers out of China, an example of what could become a wider push by manufacturers as the U.S.-China trade dispute continues.
Leer más »

Thailand Economy: Looking To Japan And China To Boost ProsperityThailand Economy: Looking To Japan And China To Boost ProsperityThailand now has to focus on improving its economy. Despite its incredibly successful and resilient tourism sector, Thailand’s economy has been underperforming, with annual GDP growth between 2015 and 2018 averaging 3.6%, according to the IMF, well below the 6.2% average for the members of ASEAN
Leer más »

Travel at 249 mph: Japan starts testing world's fastest bullet trainTravel at 249 mph: Japan starts testing world's fastest bullet trainThe goal is for the ALFA-X to be introduced commercially in 2030 and be able to climb to 224 mph, which would make it the world's fastest bullet train
Leer más »

Morgan Stanley is bullish on Japan, says its stocks are 'oversold and unloved'Morgan Stanley is bullish on Japan, says its stocks are 'oversold and unloved'Japan's stock markets are 'oversold and unloved' — the opposite of those in the U.S., said Morgan Stanley, predicting that the Topix may jump as much as 15% by June 2020.
Leer más »

Entrepreneurs See Big Opportunities As Japan Begins A New EraEntrepreneurs See Big Opportunities As Japan Begins A New EraMay 1, 2019, marked the start of a new era in Japan.
Leer más »

Japan Finance Minister Aso says Huawei ban could affect Japanese firmsJapan Finance Minister Aso says Huawei ban could affect Japanese firmsA U.S. bid to block China's Huawei Technologies from buying vital American ...
Leer más »

Japan fashion magnate raises over $8 million at Sotheby's auctionJapan fashion magnate raises over $8 million at Sotheby's auctionJapanese fashion tycoon Yusaku Maezawa sold art for more than $8 million at a So...
Leer más »



Render Time: 2025-03-01 20:40:48