,i #aai? ,,congress #a/ ,session ,h4 ,r4 #bcic ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #bf1 #bjbe,mr4 ,/utzman introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to place a duty on import$ ,au/ralian ,wagyu beef & to e/abli% a reciprocal trade agreem5t betwe5 ! ,unit$ ,/ates & ,au/ralia z x conc]ns wagyu beef4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,protect ,am]ican ,beef ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,wagyu is a bre$ ( cattle f ,japan4 7#b7 ,today ov] #bj c\ntries ar\nd ! _w raise ,wagyu bas$ ^u ^! f\ndation animals export$ to ! ,unit$ ,/ates f ,japan4 7#c7 ,! ,wagyu indu/ry is gr[+ significantly 9 ! ,unit$ ,/ates4 7#d7 ,! ,unit$ ,/ates is ! _w's l>ge/ consum] ( beef & an e/imat$ #aj p]c5t ( ! beef produc$ 9 ! ,unit$ ,/ates a*ieves ! highe/ ,,usda grade ( ,prime4 7#e7 ,! ,am]ican ,wagyu ,association is ! bre$ society = ,wagyu 9 ! ,unit$ ,/ates ) ov] #a1hjj memb]s :o prim>ily raise ,wagyu = ! ,unit$ ,/ates m>ket4 7#f7 ,!re is a significant gr[? opportunity 9 ! ,unit$ ,/ates to meet consum] dem& = ,wagyu b un=tunately ,au/ralia has an unfair competitive advantage & is a dang]\s ?reat to ,wagyu produc]s 9 ! ,unit$ ,/ates4 7#g7 ,bas$ on ! ,unit$ ,/ates trade agreem5t ) ,au/ralia1 ,au/ralia is able to export _! beef to ! ,unit$ ,/ates bas$ on an annual quota ( #fhj1jjj metric tons ( :i* #fc1jjj metric tons are ,wagyu--?is agreem5t does n all[ ! ,unit$ ,/ates to export to ,au/ralia4 7#h7 ,a reciprocal trade agreem5t ne$s to be implem5t$4 7#i7 ,bas$ on ! ,unit$ ,/ates_/,au/ralia curr5cy ex*ange rate1 ! ,au/ralian doll> is valu$ at approximately #ce p]c5t less ?an ! ,unit$ ,/ates doll> & !re=e ,au/ralia c export its ,wagyu to ! ,unit$ ,/ates at a #ce p]c5t disc\nt4 ,?is #ce p]c5t disc\nt applies to ,wagyu meat1 sem5 & embryo sales4 ,?is #ce p]c5t disc\nt puts ! ,am]ican ,wagyu produc] at an extremely uncompetitive f9ancial disadvantage4 7#aj7 ,! ,unit$ ,/ates ,gov]nm5t %\ld implem5t a #gj p]c5t t>iff on ,wagyu meat1 sem5 & conv5tional embryos import$ f ,au/ralia4 ,?is is necess>y to create a competitive balance4 7,,ivf embryos _c curr5tly be export$ to ! ,unit$ ,/ates & despite ,au/ralia's rec5t reque/1 x %\ld be kept x t way47 7#aa7 ,bas$ on public in=mation produc$ by ,au/ralia1 !y are t>get+ ! ,unit$ ,/ates ,wagyu m>ket aggressively z !y realize !y h a "o-sid$ trade agreem5t & a significant f9ancial advantage4 ,f ,janu>y #bjbd to ,janu>y #bjbe ,au/ralia export$ #fc1jjj metric tons ( ,wagyu 7repres5t+ #bej1jjj head7 to ! ,unit$ ,/ates captur+ #dh p]c5t ( ! ,unit$ ,/ates ,wagyu m>ket & #gj p]c5t ( ! ,wagyu food s]vice 7re/aurant7 m>ket4 ,simply1 e p\nd ( ,au/ralian ,wagyu export$ to ,am]ica takes away a p\nd ( ,wagyu :i* c\ld be sold by an ,am]ican ,wagyu produce4 #c4 ,au?ority to take c]ta9 actions relat+ to reciprocal trade 7a7 ,9 g5]al ,if ! ,presid5t det]m9es t-- 7#a7 ! rate ( duty impos$ by ,au/ralia ) respect to wagyu beef1 :5 import$ f ! ,unit$ ,/ates1 is significantly high] ?an ! rate ( duty impos$ by ! ,unit$ ,/ates on t wagyu beef products1 :5 import$ f t c\ntry1 or 7#b7 ! nont>iff b>ri]s appli$ by ,au/ralia ) respect to a wagyu1 :5 import$ f ! ,unit$ ,/ates1 impose significantly high] burd5s1 alone or 9 comb9ation ) any t>iffs impos$ by t c\ntry on t good1 ?an ! burd5s ( ! nont>iff b>ri]s appli$ by ! ,unit$ ,/ates ) respect to t wagyu beef product1 alone or 9 comb9ation ) any t>iffs impos$ by ! ,unit$ ,/ates on t wagyu beef product1 :5 import$ f t c\ntry1 ! ,presid5t may take "o or m ( ! actions au?oriz$ "u subsection 7b74 7b7 ,actions au?oriz$ ,! actions au?oriz$ "u ?is subsection are ! foll[+3 7#a7 ,to negotiate & seek to ent] into an agreem5t ) ! ,au/ralia t commits ! c\ntry to r$uce ! rate ( duty or r$uce or elim9ate nont>iff b>ri]s on ! wagyu beef t is ! subject ( ! det]m9ation "u subsection 7a74 7#b7 ,to impose a rate ( duty on imports ( ! wagyu beef t is equal to-- 7,a7 ! rate ( duty impos$ by ! =eign c\ntry ) respect to ! wagyu beef product1 9 ! case ( a det]m9ation describ$ 9 subsection 7a77#a72 or 7,b7 ! effective rate ( duty ( ! nont>iff b>ri]s appli$ by ,au/ralia ) respect to ! good1 alone or 9 comb9ation ) any t>iffs impos$ by t c\ntry on t wagyu beef product1 9 ! case ( a det]m9ation describ$ 9 subsection 7a77#b74 7c7 ,factors ,9 tak+ an action au?oriz$ "u subsection 7b71 ! ,presid5t %all consid] ! foll[+ factors3 7#a7 ,! t>iff classification ( ! wagyu beef products by ! ,unit$ ,/ates & ! t>iff classification ( wagyu beef by ! ,au/ralia4 7#b7 ,! rate ( duty appli$ by ! ,unit$ ,/ates ) respect to ! wagyu beef product & ! rate ( duty appli$ by ,au/ralia ) respect to ! ,wagyu beef4 7#c7 ,! physical *>act]i/ics ( ! wagyu beef4 7#d7 ,! end uses & exi/5ce ( a competitive relation%ip betwe5 ! wagyu beef import-- 7,a7 z export$ f ! ,unit$ ,/ates to ! =eign c\ntry2 & 7,b7 z import$ f ! c\ntry to ! ,unit$ ,/ates4 7#e7 ,! level ( exports ( ! wagyu by ! c\ntry to ! ,unit$ ,/ates & to ,au/ralia4 7#f7 ,9 ! case ( a det]m9ation describ$ 9 subsection 7a77#a71 ! ext5t to :i* ! rate ( duty appli$ by ,au/ralia ) respect to wagyu beef products is imp$+ or di/ort+ trade4 7#g7 ,9 ! case ( a det]m9ation describ$ 9 subsection 7a77#b7-- 7,a7 ! ext5t ( ! nont>iff b>ri]s appli$ by ! ,au/ralia ) respect to wagyu beef1 & ! ext5t ( ! nont>iff b>ri]s appli$ by ! ,unit$ ,/ates ) respect to ! wagyu beef products2 7,b7 ! ext5t to :i* ! nont>iff b>ri]s appli$ by ,au/ralia ) respect to ! wagyu beef1 alone or 9 comb9ation ) any t>iffs impos$ by t c\ntry on t good1 are imp$+ or di/ort+ trade2 7,c7 ! id5tifi$ purpose ( ! nont>iff b>ri]s appli$ by ,au/ralia ) respect to ! wagyu beef1 if any1 & ! ext5t to :i* ! nont>iff b>ri]s are m re/rictive ?an necess>y to meet t purpose2 & 7,d7 ! degree ( transp>5cy ( ! process by :i* ,au/ralia adopt$ ! nont>iff b>ri]s4 7#h7 ,o!r factors1 z ! ,presid5t det]m9es appropriate4 7d7 ,role ( ,,u/r ,! ,unit$ ,/ates ,trade ,repres5tative1 9 consultation ) ! ,secret>y ( ,treasury1 ! ,secret>y ( ,comm]ce1 & ! heads ( o!r relevant ,f$]al ag5cies1 %all advise ! ,presid5t 9 det]m9+ ! effective rate ( duty impos$ by ! nont>iff b>ri]s appli$ by ,au/ralia ) respect to wagyu beef1 9 ! case ( a det]m9ation describ$ 9 subsection 7a77#b74 7e7 ,l[] rate ( duty ,! ,presid5t may impose a rate ( duty on imports ( a wagyu beef products f ,au/ralia t is l[] ?an ! rate ( duty describ$ 9 subsection 7b77#b77;,a7 or l[] ?an ! effective rate ( duty describ$ 9 subsection 7b77#b77;,b71 z ! case may be1 if ! ,presid5t det]m9es t application ( su* l[] rate ( duty is necess>y & appropriate4 7f7 ,high] rate ( duty ,if ! ,presid5t imposes a rate ( duty on imports ( wagyu beef products f ,au/ralia "u subsection 7b77#b71 & ,au/ralia fur!r increases its rate ( duty on imports ( ! wagyu f ! ,unit$ ,/ates1 ! ,presid5t may fur!r increase ! rate ( duty on imports ( ! wagyu beef f ,au/ralia to a rate t is equal to ! rate ( duty appli$ by t ,au/ralia4 7g7 ,t]m9ation ,! ,presid5t %all t]m9ate ! imposition ( any increase 9 ! rate ( duty on imports ( wagyu beef products f a ,au/ralia "u subsection 7b77#b7 effective on ! date on :i* ! ,presid5t det]m9es t-- 7#a7 ,au/ralia is no long]-- 7,a7 impos+ a rate ( duty ) respect to ! wagyu beef products1 z describ$ 9 subsection 7a77#a72 or 7,b7 apply+ nont>iff b>ri]s ) respect to ! wagyu beef products1 z describ$ 9 subsection 7a77#b72 or 7#b7 cont9u$ imposition ( ! increas$ rate ( duty on imports ( ! wagyu beef products f ! =eign c\ntry is n 9 ! economic or public int]e/ ( ! ,unit$ ,/ates4