BSE trade restrictions cost U.S. $11 billion: ITC report

 

By Ann Bagel Storck on 10/8/2008

 

Source of Article: www.meatingplace.com

 

The U.S. International Trade Commission released a report estimating that trade restrictions resulting from bovine spongiform encephalopathy cost the U.S. cattle industry $11 billion from 2004 to 2007.

Farm-gate sales of cattle and calves during that period were $195.5 billion, so the $11 billion in losses estimated by the ITC translates to 5.6 percent of cattle producers' income, according to a news release from the National Cattlemen's Beef Association. The report also estimated that tariffs and tariff-rate quota restrictions cost the industry another $6.3 billion from 2004 to 2007.

The report noted that BSE-related trade restrictions on U.S. beef are not based in science, saying, "As of May 2007, the United States has been recognized by the World Organization for Animal Health (OIE) as a controlled risk country with regard to BSE. However, certain countries impose restrictions on U.S. beef that are more stringent than the OIE guidelines for a controlled risk country."

To read the full report, click here.

 

 

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