NCBA Encouraged by News on Panama FTA
The National Cattlemen's Beef Association is greatly encouraged by the news that the U.S.-Panama free trade agreement will enter into force next Wednesday (October 31). NCBA Vice President Bob McCan says the cattle industry has been waiting on implementation of this agreement for a long time - and is looking forward to the increased trade opportunities with Panama. McCan notes the agreement immediately eliminates the 30-percent tariff on prime and choice beef cuts. All other duties will be phased out over the next 15 years. Panama also modified its import requirements related to BSE to be consistent with international standards. McCan says implementation of the agreement is a positive step forward for American cattlemen and women - as it provides U.S. ranchers access to a valuable market. He says that's one reason NCBA has been an outspoken supporter of the Panama agreement and others like it. He says they not only increase market access - but provide stable export markets based on internationally recognized scientific standards.
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