EU: New High Quality Beef TRQ Allocation Starting January 1 of 2020

The United States and the EU recently concluded a renegotiation of the 2009 Memorandum of Understanding for the High Quality Beef quota, which was established in exchange for ending the duty retaliation that resulted from the WTO U.S.-EU Beef Hormone case. U.S. beef producers will soon see increased benefits, as the updated MOU will provide a U.S. specific allocation starting on January 1, 2020. Out of the total 45,000 MT available in the HQB, the U.S. allocation starts at 18,500 MT and will increase annually over 7 years, to 35,000 MT in 2026. In recent years, U.S. beef exports into the HQB were hampered by ever increasing competition from other beef exporting countries 

EU: New High Quality Beef TRQ Allocation Starting January 1 of 2020