President Donald Trump and South Korea President Moon Jae-in today signed off on the renegotiated United States–Korea Free Trade Agreement (KORUS), putting an end to concerns from the U.S. farm sector about possibly losing the six-year old pact that has spurred American agricultural exports.
U.S. and South Korean negotiators have reached a preliminary agreement to preserve the six-year-old free trade pact between the two countries that has been very lucrative for U.S. agricultural exports, say Trump administration officials.
U.S. and South Korean negotiators met all day last Friday in an effort to save the free trade agreement that unites the two countries. On the sidelines, the U.S. agriculture sector is desperately hoping the negotiators succeed so farmers and ranchers here can continue shipping more and more meat and grain to the Asian country.
Senators will open the new year welcoming two new Democratic colleagues and facing some major unfinished business, including a House-passed disaster bill that includes new assistance for cotton and dairy producers.
Washington, Nov. 1, 2017 – As improbable as it may sound, South Koreans are eating less rice these days. And even more unlikely sounding, the U.S. is exporting more than it ever has to the Asian nation that doesn’t allow private companies to import the grain directly.
WASHINGTON, Sept. 13, 2017 - The U.S.-Korea free trade agreement, known commonly as KORUS, has been a target of criticism from the White House for months, but the fact that the two countries are still talking about how to improve the pact has the U.S. ag community hoping it will survive.
WASHINGTON, Aug. 17, 2017 – As expected, South Korea has opened its market to U.S. poultry and eggs after enacting a ban in March over concerns stemming form U.S. cases of highly pathogenic avian influenza.