Beltway Beef Audio News
NCBA welcomes recent news that the free trade agreement (FTA) between the United States and Colombia will begin implementation on May 15, 2012. NCBA Associate Director of Legislative Affairs Kent Bacus says this is good news for cattlemen and women in the United States.
"This is a great opportunity for U.S. beef. This is something NCBA has been working on for several years," says Bacus. "We will finally have a presence in Colombia. The 80 percent tariff has essentially kept us out of that market."
Bacus says the FTA will immediately repeal the 80 percent tariff Colombia currently has set on high quality U.S. beef. The agreement will phase out the tariff on all other cuts over the next 15 years.
Bacus says the trade pact will also establish science based standards for Colombia based on standards set by the World Organization for Animal Health.