trade deal

South Korea Looking at New Trade Deal with the Eurasian Economic Union

Dan Industry News Release, Trade

South Korea’s trade minister met with Russian officials this week in order to lay the groundwork for a new free trade deal with the Eurasian Union. The move comes amid increasing pressure from the U.S. to renegotiate the South Korean – American trade deal, known as KORUS. The South Korean Trade Minister met with the CEO of a state-owned banking …

tpp

TPP Deal Expected This Week

Dan Industry News Release, Trade

The remaining 11 Trans-Pacific Partnership (TPP) countries plan to remove the Gross Domestic Product requirements to allow the deal to move forward without the United States this week. The Japan News reports that with the United States abandoning the accord, negotiators appear hopeful that changing the conditions will allow the remaining 11 nations to quickly implement a new pact. A …

japan

Initial Progress Made on U.S.-Japan Trade Issues

Dan Industry News Release, Trade

The U.S. and Japan in a joint statement said the two nations have made “initial progress” on trade issues. The statement comes as Vice President Mike Pence talked with Japan’s Deputy Prime Minister earlier this week. The Joint statement says some “initial progress” on bilateral trade issues such as lifting import restrictions on Japanese persimmons and Idaho potatoes, according to …

nafta

NAFTA Commodity Groups Unite to Urge Negotiation Success

Dan Industry News Release, Trade

U.S. commodity export groups, along with counterparts from Canada and Mexico, are reiterating their support for free trade. The U.S. Grains Council, along with the U.S. Soybean Export Council, National Sorghum Producers, National Corn Growers, and others, met with counterparts from Canada and Mexico last week. As round four of the North American Free Trade Agreement negotiations conclude, the groups …

ambassador

Axios: Capitol Hill Asking “When” will NAFTA Withdraw Notice Come

Dan Industry News Release, Trade

Canada and Mexico have both said they are not walking away from the North American Free Trade Agreement (NAFTA) following hard-hitting proposals by the United States. However, online source Axios points out that folks on Capitol Hill are starting to ask “when” not “if” President Trump will issue a notice to withdraw from NAFTA. The U.S. hardball approach on dairy …

south

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 …

nafta

More Than Bluster to President Trump’s Threats to Pull Out of NAFTA

Dan Industry News Release, Trade

A former USDA trade chief argues there’s more than bluster to President Trump’s threats to pull out of the North American Free Trade Agreement (NAFTA). Paul Drazek was the trade adviser to USDA Secretary Dan Glickman in the Bill Clinton Administration. Drazek says he feels recent threats by President Trump to pull out of NAFTA, key for U.S. agriculture, are …

ambassador

Ag, Business Groups Hit Capitol Hill

Dan Industry News Release, Trade

As the fourth round of NAFTA talks continues, numerous agriculture and business groups are increasingly concerned about the future of the 23-year old agreement. Politico’s Morning Ag Report says a large group of organizations, including the American Farm Bureau, National Pork Producers Council, the Coalition of Services Industries, and many others hit Capitol Hill on Wednesday. The goal was to …

canada

Perdue Says NAFTA Benefits Canada More Than U.S.

Dan Industry News Release, Trade

Ag Secretary Sonny Perdue talked with Fox Business about some of America’s grievances with Canada being outlined in the North American Free Trade Agreement (NAFTA) negotiations. Perdue says past trade deals lacked enforcement, so the president is sending a message to Mexico and Canada. “He’s serious about trade deficits,” Perdue says. “He’s serious about keeping jobs in the U.S.,” Perdue …

mckinney

U.S. Offers Proposal That Could Kill NAFTA in 5 years

Dan Industry News Release, Trade

U.S. negotiators officially offered the “sunset clause” proposal on Wednesday during the North American Free Trade Agreement (NAFTA) negotiations. The sunset clause would bring NAFTA to an end after five years unless the three countries involved agree to extend it. Two people familiar with the talks told Bloomberg that the proposal was made to a smaller group of negotiators. The …