The U.S. Grains Council says trade teams from South Korea visiting the U.S. over the last three months helps solidify trade between the U.S. and Korea under the U.S.-Korea Free Trade Agreement, known as KORUS. The Council has been hosting trade teams this summer from South Korea, visiting U.S. farmers and grain suppliers in eight states. USGC says South Korean …
Beef Industry to White House: Scuttling KORUS is Also a ‘Job Killer’
The U.S. beef industry says if President Trump withdraws the US from the Korea-U.S. Free Trade Agreement, millions of dollars and thousands of jobs will be lost throughout the Midwest and other regions. As the president tries to appeal to blue collar workers in the rust belt who voted for him, the National Cattlemen’s Beef Association tells the White House, …
White House Suspends Discussions on Ending KORUS
White House officials have temporarily halted discussions on the possibility of terminating a free trade agreement with South Korea. A senior White House official told Reuters on Wednesday night that the deal could still be terminated but there were no immediate plans to do so. President Trump had been talking with his senior advisers about the possibility of withdrawing from …
Agriculture to Trump: Don’t Mess with KORUS
Agriculture groups responded to President Donald Trump’s comments regarding a free trade agreement with South Korea over the weekend by urging the President not to withdraw from the accord. Trump said the U.S. would consider withdrawing from the U.S.-Korea Free Trade Agreement, known as KORUS. U.S. Wheat Associates chairman Mike Miller says: “It would be irresponsible to unilaterally walk away …
South Korea Says No to KORUS Talks
Government Officials in South Korea say the U.S. and Korea have not reached an agreement on possible revisions to the U.S.-Korea Trade Agreement, known as KORUS. A South Korea news agency reports that the nation’s top negotiator said there were differences between the U.S. and South Korea regarding the trade deal, but declined to elaborate. A meeting this week between …
South Korea Lifts U.S. Poultry Ban
The U.S. Department of Agriculture (USDA) announced that the government of South Korea has lifted its ban on imports of U.S. poultry and poultry products, including fresh eggs. Korea had imposed the ban in response to a recent detection of highly pathogenic avian influenza (HPAI). On August 11, the United States notified the World Organization for Animal Health (OIE) that …
Trump Talks Trade with South Korea
President Donald Trump met with the new President of South Korea on Friday and opened up the session with tough trade talk. An L.A. Times article says Trump announced he will be renegotiating a trade agreement with South Korea that’s already been in place for five years. The agreement is a co-legacy for both Presidents Bush and Obama and it …
Strong Demand for U.S. Pork in South Korea
One of this year’s top-performing international markets for U.S. pork is South Korea, where exports through April are up 28 percent year-over-year in volume, 37 percent in value. Joe Schuele has more. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Strong Momentum for U.S. Beef, Pork Exports to South Korea
The first quarter of the year was very solid for both U.S. beef and pork exports. And as U.S. Meat Export Federation’s (USMEF) Joe Schuele reports, there is one country that really stood out. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Free Trade, Relationships Key To Market Competitiveness In South Korea
Recent events in foreign policy and the ongoing conversation about the value of U.S. trade agreements have put a spotlight on South Korea as a close U.S. ally and an important customer for U.S. products, including grains. South Korea is now the fifth largest market for U.S. agricultural exports, totaling $6.2 billion in purchases in 2016. The country was the …