Australia Loosens Beef Import Curbs Amidst US Trade Talks

Australia is set to relax its beef import restrictions from the United States, according to the country's agriculture ministry. This move could facilitate ongoing trade discussions with U.S. President Donald Trump, who had previously criticized Australia's stringent beef import regulations.

Despite the rule change, experts suggest that U.S. beef exports to Australia might not see a substantial rise due to the comparatively lower beef prices in the Australian market. Agriculture Minister Julie Collins emphasized that Australia's thorough science-based assessment confirmed that the U.S. had improved its procedures to monitor cattle movements.

The review of these import policies was influenced by the U.S.'s advancements in tracking livestock and addressing biosecurity threats like avian influenza. U.S. beef shipments were previously limited due to concerns about BSE, but the new policy could open doors to larger trade opportunities if the U.S. reduces tariffs in other sectors. Still, industry stakeholders are urging caution and calling for an independent review.

(With inputs from agencies.)