A new agreement on U.S. beef exports to Europe has been hailed as a "positive step" in dealing with the long-running dispute over the European Union's refusal to import U.S. beef produced using growth-promoting hormones, according to Feedstuffs.

The deal was announced as the U.S. had delayed the right to punish a new list of EU imports under a World Trade Organization decision.

U.S. Trade Representative (USTR) Ron Kirk and EU Trade Commissioner Catherine Ashton explained the provisions of the new deal in a joint statement issued May 6.

The agreement in principle, which must be approved by EU member states and the U.S. Congress, provides additional duty-free access to the EU market for high-quality beef produced from cattle that have not been treated with growth-promoting hormones.

To read the entire article, link to Feedstuffs.