U.S. free trade agreements (FTAs) have led to meteoric growth for U.S. pork exports over the last twenty five years. In fact, the U.S. pork industry now exports more product to its twenty FTA partners than it does to the rest of the world combined. The Korea-U.S. Free Trade Agreement (KORUS FTA) is a perfect example of the potential export growth being realized as a result of an FTA.
The KORUS FTA entered into force March 15, 2012, further solidifying a strong bilateral economic relationship. Under the FTA’s agricultural provisions, Korea immediately granted duty-free status to almost two-thirds of current U.S.… Read More