Beltway Beef Audio News
National Cattlemen’s Beef Association President Bill Donald said the long-awaited implementation of free trade agreements with Colombia, Panama and South Korea is nearing. Today, Oct. 21, 2011, President Barack Obama signed the three agreements and the renewal of Trade Adjustment Assistance. Donald said the official signing is a step in the right direction.
“The swift passage of the trade agreements was a refreshing move of bipartisanship. We strongly urged the president to follow suit by signing these agreements. He did that and we commend him for understanding the importance of free and open trade to job creation and economic growth,” said Donald. “Cattlemen welcome the opportunity to respond to growing global demand for safe and nutritious beef raised by farm and ranch families throughout the United States.”
In his remarks, President Obama underscored that these trade agreements will significantly boost American exports and support tens of thousands of American jobs. In fact, according to the International Trade Commission, the three agreements translate into 250,000 jobs. To cattlemen like Donald, the trade agreements increase beef demand and profitability. CattleFax reports the average per head value of exports to live cattle to exceed $200.
Beltway Beef Commentary - Obama Signs FTAs - 10.21.2011 by Beltway Beef