One Asian market is reopening its doors to U.S. beef trade after closing them once before. Taiwan reopened its market to U.S. beef in April 2005, but closed it again in June following the confirmation of a second U.S. case of bovine spongiform encephalopathy.
Taiwan will again resume beef trade with the U.S. USDA Secretary Mike Johanns announced trade is allowed for U.S. boneless beef from animals under 30 months of age. Taiwan's announcement closely follows the recent reopening of several other major Asian markets to U.S. beef in Hong Kong, Japan and Korea.In 2003, the United States exported more than $76 million worth of beef to Taiwan, with boneless beef products accounting for $56 million. Taiwan's market is now open to more than 90% of total U.S. ruminant and ruminant products whose value reached $325 million in 2003. After the discovery of a BSE-infected cow in the United States, $4.8 billion worth of U.S. beef and beef product exports were banned. Markets accounting for $3.8 billion have since been recovered.
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