Argentina: Agriculture assigned the export quota of boneless beef to the United States

Published Jan 16, 2024

Tridge summary

Resolution No. 10/2024 was published by the Ministry of Agriculture of Argentina, ordering the distribution of 19,388.384 tons of beef to the United States with a preferential tariff. The beef cuts are similar to those in the European Union's "Hilton" Quota, and the allocation of quotas is based on past export performance. Argentina re-entered the American meat market in 2018 and has utilized the tariff quota in its entirety since 2020.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(NAP) With the publication of Resolution No. 10/2024, the distribution of 19,388.384 tons of beef was ordered, with a preferential tariff, assigned by the United States Department of Agriculture (USDA, for its acronym in English). , reported the Ministry of Agriculture of Argentina. These are fresh, chilled and frozen boneless beef cuts that are similar to those that make up the so-called “Hilton” Quota, corresponding to the countries of the European Union, as it is a highly segmented and quality market. It is worth remembering that within the process of harmonization of tariff quota management systems decided together with the other Mercosur partner countries, the criteria for assigning beef quotas to Europe and the United States are based on the export past-performance of the applicants, according to their performance over the last three years, measured by the FOB value of their sales. By 2023, the North American ...

Source: Noticias Agropecurias