south korea

U.S. and South Korea Reach Agreement on Guaranteed Market Access for American Rice

Dan Exports/Imports, Industry News Release, Specialty Crops, Trade

(USDA) – United States Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue are pleased to announce that the Trump Administration has reached an agreement with the government of South Korea on market access for U.S. rice. Under the agreement, Korea will provide access for 132,304 tons of U.S. rice annually, with an annual value of approximately $110 million. …

fas

FAS Administrator Isley to Lead South Korea Trade Mission

Dan Industry News Release, Trade

Representatives from nearly 50 U.S. agribusinesses and farm organizations will join Foreign Agricultural Service (FAS) Administrator Ken Isley on a U.S. Department of Agriculture (USDA) trade mission to Seoul, South Korea, Nov. 5-8. “Korea is consistently among the largest and most reliable export markets for U.S. agriculture and the U.S.-Korea Free Trade Agreement, known as KORUS, has opened up even …

agricultural

U.S. Agricultural Export Opportunities in South Korea

Dan Exports/Imports, Industry News Release, Trade

South Korea is one of the most reliable export markets for U.S. agricultural goods. Its vibrant economy offers easy access to modern retail outlets and is home to a large urban population seeking convenient and healthy food products. Increasing wealth, a growing number of women in the workforce, and a younger generation seeking international foods are also contributing to the …

agreement

May Beef Exports Shatter Record While Pork Exports Go Lower

Dan Beef, Exports/Imports, Pork, Trade

U.S. beef exports set a new value record in May, while also significantly increasing year-over-year in volume. That’s according to new data released by the USDA and compiled by the U.S. Meat Export Federation. May pork exports were lower, although January-May totals for U.S. pork remained ahead of last year’s pace. Beef export volume was 117,871 metric tons in May, …

agricultural

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 …

farmers

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 …

fas

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 …

agricultural

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 …