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 …

south korea

South Korea Adopts New Poultry Import Policy

Dan Exports/Imports, Industry News Release, Poultry

The South Korean Ministry of Agriculture has adopted a new regionalization policy that is good news for the U.S. poultry and egg industry. The new policy prevents a countrywide ban on U.S. exports to Korea in the event of a future finding of Highly Pathogenic Avian Influenza. Should a case be found in the future, only exports from each affected …


USDA Announces Regionalization Agreement with South Korea

Dan Industry News Release, Trade

Help Protect U.S. Trade During HPAI Detections The United States Department of Agriculture (USDA) announced an agreement with the government of South Korea that significantly reduces negative impacts on trade should another detection of highly pathogenic avian influenza (HPAI) occur in the United States. The agreement will allow for trade restrictions at the state level instead of the country level …


South Korea Forming Response team to U.S. Trade Protectionism

Dan Industry News Release, Trade

South Korea is creating a task force to respond to U.S. trade protection measures. South Korea’s Foreign Ministry has ordered the South Korean embassy in Washington set up the special response team. South Korea has requested to be excluded from proposed higher import tariffs on steel exports under Section 232 of the Trade Expansion Act, emphasizing the negative effects the …

beef exports

South Korea Driving Recent Surge in U.S. Beef/Pork Exports

Dan Beef, Exports/Imports, Industry News Release, Pork

For the past year, South Korea has been one of the top global markets for U.S. beef and pork exports. The South Korean director for the U.S. Meat Export Federation says the American beef industry has been very successful in restoring consumer confidence in U.S. beef. Many Korean restaurants and retailers that were once reluctant to carry U.S. beef now …


KORUS Talks Set for Washington This Week

Dan Industry News Release, Trade

The U.S. and South Korea will hold formal trade talks starting Friday regarding the Korea-U.S. Free Trade Agreement, known as KORUS. Officials from Korea and the U.S. will meet in Washington, D.C. Friday to discuss “potential amendments and modifications” to the five-year-old deal, according to Politico. The two nations met last year to discuss concerns surrounding the trade agreement as …


Efforts Moving Ahead to Modernize KORUS

Dan Industry News Release, Trade

Efforts by the U.S. and South Korea are moving ahead to modernize the 2011 Korea-U.S. Free Trade Agreement, or ‘KORUS,’ a key trade agreement for the U.S. pork and beef industries. The South Korean government sent its parliament a plan to renegotiate KORUS and announced it’s ready to start talks. The White House must tell Congress it plans to launch …


Farmers Discuss Trade with South Korea

Dan Exports/Imports, Industry News Release, Trade, Wheat

U.S. farmers travelled to South Korea recently to ensure the importance and willingness to continue trade between the two nations. South Korea is a top destination for U.S. corn. The U.S. and South Korea are considering a renegotiation of KORUS, The U.S.-Korea Free Trade Agreement. U.S. Grains Council Chair Deb Keller says that as those talks continue, South Korea also …


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 …