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U.S., EU Begin Informal Trade Talks; EU Commission Approves U.S. Beef Quota Negotiations

Monday, October 29, 2018

(North American Meat Institute)

U.S. and European Union (EU) negotiators met let week in Washington, DC, to begin consultations ahead of formal transatlantic trade talks. The preliminary discussions focused on regulatory issues and other topics that could be part of future trade negotiations.

In a separate move, the European Commission, composed of ministers from the EU's 28 member states, approved launching formal talks with the U.S. to allow more U.S. beef into Europe under the current 45,000-metric-ton, hormone-free beef quota. The U.S. share of the quota, established in 2009, declined from nearly 100 percent to less than 30 percent as of June 2018, due to increased imports from Australia, Uruguay and Argentina. EU and U.S. officials will discuss an arrangement that would dedicate a specific portion, possibly as high as 50 percent, of the quota to U.S. producers.

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