US President Donald Trump announced the trade agreement with Argentina in August last year, which will see US pork become available in Argentina for the first time in 26 years.
The US Department of Agriculture (USDA) and the Office of the US Trade Representative have been liaising with Argentina’s Ministry of Agro-Industry to agree a deal that is practical, science-based and abides by the international animal health standards.
The US secretary of agriculture Sonny Perdue said once Argentina consumes American pork products again, “they’re sure they will want more of it”.
“This is a great day for our agriculture community and an example of how the Trump Administration is committed to supporting our producers by opening new markets for their products,” said Perdue. “This breakthrough is the result of efforts by this Administration to help America’s farmers and ranchers reach new markets and ensure fair trade practices by our international partners.”
Elsewhere, trade negotiations for the US have not gone so smoothly.
American pig meat exporters were told that they had to pay an additional retaliatory 25% duties on products sold to mainland China, while international sanctions imposed by Trump affected Russian agricultural holding Kuban last week. Following the sanction, US citizens and companies are now banned from engaging in any trade affairs with the companies on the sanction list.
The US is the world’s top pork exporter, with global sales totalling US$6.5bn last year. USDA added that Argentina had the potential to be a US$10m per year market for America’s pork producer and had a significant growth opportunity in years to come.