U.S. Meat Export Licenses Risk Expiration, Potential Gain for Australian Industry

The licenses for U.S. meat exporters to China are nearing expiration, risking $3 billion worth of trade. Analysts suggest that Australia may benefit from this situation as U.S. beef exports shrink.

The licenses for numerous United States meat packers to export their products to China are set to expire within days, posing a significant risk to a trade valued at approximately $3 billion. Hundreds of U.S. abattoirs could be barred from exporting beef, pork, and chicken unless these licenses are renewed promptly. The USDA reports that some exporters’ registrations have already lapsed, with little response from China’s customs to requests for renewal.

In summary, the impending expiration of U.S. meat export licenses to China could result in a substantial decline in trade, affecting hundreds of American meat packers. Australia stands to gain from increased demand as U.S. suppliers may be unable to fulfill orders. The situation remains uncertain as stakeholders await further developments and potential reactions from U.S. leadership.

Original Source: www.abc.net.au