korea

U.S. beef exports set new records in August with export value topping $750 million for the first time.  August beef exports totaled 119,800 metric tons, up 7% from a year ago, valued at $751.7 million, and up 11% year-over-year.  U.S. Meat Ex...

US Beef and Pork exports closed a strong 1st quarter, as March was the best month ever for red meat export value at $1.3 billion.  U.S. Meat Export Federation economist Erin Borror said beef exports were coming off a record value year, which made the 1st quarter numbers even more impressive.  ...

More than 1,100 economists, some Nobel Prize winners, have joined with the National Taxpayers Union to warn President Trump and Congress against continuing the present course of trade protectionism.  In an open letter to the president and Congress argue trade agreements work, while trade barriers, including tariffs and threats to rescind trade deals, don’t, citing the disastrous 1930 Smoot-Hawley

USDA's Under-Secretary for Trade Ted McKinney says diversification, gaining entry, and building new markets to complement existing ones is essential to expand U.S. exports.  McKinney recently told a Washington D.C. audience, that while new opportunities are important, existing relationships with major trade partners remains a priority as well.  ...

Agriculture was ‘left out’ of the U.S.-Korea 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 bee...

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.  The KoreanHerald.com said he told reporters that the government is taking a “strong stand on the agriculture sector and will not retreat any further.”  This was similar t...

South Korean officials say the U.S. and Korea have not reached an agreement on possible revisions to 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 meetin...

The U.S. Trade Representative’s Office has asked a group of industry advisors to provide feedback on potential changes to the U.S. free trade agreement with Korea.  World Trade Online reports that USTR is seeking the feedback by mid-August, after recently asking its industry trade advisory committees for ideas on the implementation of the agreement and issues “impacting fair trade” with Korea.  US

The Trump Administration appears to be planning to reexamine the United States-Korea Free Trade Agreement after NAFTA renegotiations, if not sooner. Politico reports that U.S.  Trade Representative Robert Lighthizer this week formally requested talks with South Korea to consider changes to the five-year-old deal, with a focus on reducing the $28 billion bilateral trade deficit. How...

The U.S. beef export market experienced strong growth in 2016, up 12% from the year prior.  Known as the quality leader on the global stage, U.S. beef products have recently made great strides with key trade partners, Japan and Korea.  Dan Halstrom with the U.S. Meat E...