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 …
USGC, NCGA Reiterate Support for KORUS, NAFTA
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 …
NAFTA May be Nearing Breaking Point
Forbes speculates that the North American Free Trade Agreement (NAFTA) negotiations may be reaching a breaking point. Little progress has been made in previous talks as the U.S. continues to push a hardline stance that the governments of Canada and Mexico aren’t going to accept. Last week, a government official from Mexico left a meeting with the Trump Administration with …
Crawford Renews Calls to Open Ag Trade with Cuba
Arkansas Representative Rick Crawford is renewing his call to open agricultural trade with Cuba. The Republican says his proposal is an alternative to repealing the Cuban trade embargo, allowing the U.S. to tap into Cuba’s $2 billion agricultural market, according to Politico. Crawford first proposed the bill in January that would cut back restrictions on U.S. financing for agriculture exports, …
South Korea To Hold KORUS Public Hearing
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 …
Trump Asks Roberts for Raincheck on NAFTA Discussion
President Trump took a trip to visit Republicans on Capitol Hill Tuesday with a focus on finding more votes for the tax-cut bill. However, Senate Ag Committee Chair Pat Roberts took the opportunity to bring up agricultural concern over the NAFTA negotiations. As the president walked out of the meeting, Politico says he asked Roberts, “How are your farmers?” Roberts …
South Korea Minister Says No Concessions in Farm-Sector KORUS Discussions
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 …
NAFTA Partners Are Important to US Ag Producers
Who has benefited from NAFTA? As Stephanie Ho reports, it’s U.S. ag producers. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
New TPP Agreement Heightens Concerns
The 11 remaining members of the Trans-Pacific Partnership (TPP) recently announced plans to move forward with a modified trade agreement. And according to a story from Joe Schuele with the U.S. Meat Export Federation, the new agreement heightens concerns about market access for U.S. beef and pork in Japan. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober …
China Is The New Top Buyer of American Agricultural Goods
New numbers out this week show that China is the new number one buyer of American agricultural goods. Pork Business Dot Com says the fiscal year 2017 numbers show that China bought $22 billion worth of agricultural products, which is a large jump from the $19.2 billion purchased the year before. That jump meant China moved into the number one …