house

Rabobank: Challenges Ahead for U.S. Global Pork Trade

Dan Industry News Release, Pork, Trade

A Rabobank analysis says the proposed Chinese tariff on U.S pork imports could cost American producers $6 to $8 per head. The Rabobank Pork Quarterly Q2 report says the China-U.S. tension exemplifies what could be a challenging year ahead for the pork industry in 2018. African swine fever in Europe could be another challenge in the global pork trade. The …

korus

KORUS Agreement a Relief to Agriculture

Dan Exports/Imports, Industry News Release, Trade

Agriculture was ‘left out’ of the U.S.-Korea (KORUS) Free Trade Agreement renegotiation effort, a relief to the sector. For many in agriculture, there was more to lose than gain in the renegotiation effort. The U.S. is the largest supplier of beef to Korea and the second largest pork supplier. Data from the U.S. Meat Export Federation shows red meat exports …

mckinney

McKinney Updates U.S. Grains Council on Trade Negotiations

Dan Industry News Release, Trade

USDA Under Secretary for Trade and Foreign Affairs, Ted McKinney, addressed the delegates and members of the U.S. Grains Council early this week. He gave them updates on ongoing trade negotiations that will affect global grains market access. McKinney also announced a $1.3 million-dollar grant for Council feed industry training programs in North Africa and the Middle East. The U.S. …

renegotiate

Korea Submitting Plan to Renegotiate KORUS

Dan Industry News Release, Trade

South Korea trade officials announced Monday the government will submit a plan to renegotiate the U.S.-Korea Free Trade Agreement (KORUS) to the nation’s National Assembly government body. South Korea’s Trade Minister met with officials from 20 ministries and government regarding KORUS, and the plans to renegotiate the trade agreement. A senior trade official told the Korea Herald newspaper: “We hope …

korus

USGC, NCGA Reiterate Support for KORUS, NAFTA

Dan Industry News Release, Trade

Leadership from the U.S. Grains Council (USGC) and National Corn Growers Association (NCGA) last week spent time in South Korea and Mexico to talk trade. The two organizations met with customers and government officials during what they call a period of policy uncertainty in the U.S. corn industry’s top markets. Mexico is the top purchaser of U.S. corn, while South …

south korea

South Korea To Hold KORUS Public Hearing

Dan Industry News Release, Trade

South Korea will hold a second public meeting regarding the U.S.-Korea Free Trade Agreement, known as KORUS. The meeting was announced after the first public meeting was disrupted by angry farmers and livestock breeders, according to the Korea Herald, a Korea-based newspaper. The second public hearing taking place Friday (today) allows Policymakers, trade experts and citizens to take part in …

usda

South Korea Minister Says No Concessions in Farm-Sector KORUS Discussions

Dan Industry News Release, Trade

The South Korean trade minister says his country will not take a step backward in the upcoming discussions on updating the South Korean – U.S. free trade deal, known as KORUS. The Korean Herald Dot Com says he told reporters that the government is taking a “strong stand on the agriculture sector and will not retreat any further.” This was …

korus

Korea Sends KORUS Analysis, Says No to Opening Ag Trade

Dan Industry News Release, Trade

A review of the U.S.-Korea Free Trade (KORUS) Agreement by South Korea claims to show little basis to support the U.S. desire for renegotiation. A South Korea-based newspaper reports that Korea submitted an analysis to Washington, D.C. showing that preferential U.S. duties as part of KORUS had almost no direct effect on the increase in South Korean exports to the U.S. over …

trump

TPP Members Nearing Agreement

Dan Industry News Release, Trade

As the U.S. remains focused on reworking the North American Free Trade Agreement (NAFTA), and to a lesser extent, the U.S.-Korea Free (KORUS) Trade Agreement, the Trans-Pacific Partnership (TPP) is heading closer to reality. TPP was worth an estimated $4 billion annually to U.S. agriculture. However, upon taking office ten months ago, President Donald Trump withdrew the U.S. from the …

usda

Business Leaders Push to Keep KORUS Intact

Dan Industry News Release, Trade

Business leaders from the U.S. and Korea are pressing South Korea and the United States to “eliminate the uncertainty” around the U.S.-Korea Free Trade Agreement, known as KORUS. The U.S.-Korea Business Council, along with the Korea-U.S. Business Council, issued a joint statement, calling KORUS “a platform to expand bilateral trade.” President Donald Trump has threatened to withdraw the U.S. from …