Vietnam to lower tariff on U.S. frozen pork
Vietnam is lowering its Most Favored Nation tariff on imported frozen pork starting next year.
The National Pork Producers Council is applauding the tariff reduction from 15 to 10 percent saying it will allow better market access to the major pork-consuming country.
Seventy members of Congress, including Ron Kind of Wisconsin, and Dusty Johnson of South Dakota, sent a letter in May to U.S. Trade Representative Katherine Tai expressing the need to eliminate tariffs on U.S. pork.
NPPC President Jen Sorenson says Vietnam’s issues with African Swine Fever have increased the country’s reliance on imported pork and the tariff cut presents an opportunity for U.S. producers.
But NPPC says the U.S. is still at a trading disadvantage noting countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, including Russia and the EU, export under a 7.5 percent tariff. The council says it’s urging the Biden administration to join the CPTPP.
The tariff is expected to lower July 1, 2022.