Some Good News on Trade

By April 18, 2008Trade

USTR Welcomes Full Reopening of Korean Market to U.S. Beef:

“I am pleased to announce that we have reached an agreement with the South Korean government to reopen the Korean market to all U.S. beef and beef products, from cattle of all ages,” Ambassador Schwab said. “The import protocol is fully consistent with OIE guidelines and other international standards. I am very pleased that safe, affordable, high-quality American beef will soon be back on Korean tables. This will be a huge boost to our ranchers and producers who have waited patiently to regain the access to the South Korean beef market that was lost in December 2003.”

“With this full resumption of U.S. beef exports to South Korea, the major obstacle to Congressional consideration of the United States-Korea Free Trade Agreement (KORUS FTA) is removed. The Administration will now work in earnest with Congress and the U.S. agriculture, manufacturing, and services sectors to pass the KORUS FTA. Along with the Colombia and Panama FTAs, the KORUS FTA will strengthen our economy and our standing in the world. The KORUS FTA – the most commercially significant FTA we have concluded in over 15 years – will create new opportunities for U.S. workers, farmers, ranchers, businesses, and entrepreneurs across the country. It will also deepen our relations with one of our closest allies, and strengthen our vital strategic economic engagement in Asia.”

Bloomberg: “Korea to Ease U.S. Beef Curbs, Resume Imports in May.”

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