The Argentine government has announced that the country would once again export beef to the USA. The US government banned Argentine beef exports 17 years ago because of food safety concerns.
Argentina’s foreign minister stressed the “importance of this decision for the Argentine agricultural industry”, due to the new business opportunities for producers and exporters.
The Arrangement allows Argentine producers to export up to 20,000 tonnes of meat per year to the USA. Exports exceeding this volume will be taxed on an additional tariff of 26.4%.