Last week, the White House announced a framework for negotiating a trade agreement with Indonesia. U.S. Meat Export Federation (USMEF) Vice President of Economic Analysis Erin Borror said that, while Indonesian tariffs on U.S. red meat are only 5%, the country places a number of burdensome non-tariff trade barriers on U.S. product, including plant-by-plant inspections of U.S. facilities and a complicated import licensing regime.
Borror said the immediate opportunity is an estimated $250 million in annual beef sales if those non-tariff barriers can be cleared in an Indonesian trade deal.
Borror added that, even though Indonesia is a largely Muslim nation, there are more than 30 million non-Muslim residents who are exhibiting a growing demand for U.S. pork.
For more information, visit usmef.org.
