• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • Allied Members
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Membership Center
    • Membership Center Instructions
  • Join
  • Renew
  • Show Search
Hide Search

USMEF on revisions to KORUS

Amendments and modifications to the Korea-U.S. Free Trade Agreement (KORUS) were announced March 28 through a U.S.-Korea joint statement and a KORUS fact sheet issued by the Office of the U.S. Trade Representative (USTR).
U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:
“The announcement of a successfully revised KORUS trade agreement comes as excellent news for the U.S. beef and pork industries because it helps ensure that we will continue to be able to serve the growing South Korean market and a critically important customer base. The United States is the largest supplier of beef to Korea and trails only the European Union as the second-largest pork supplier. U.S. red meat exports to Korea set a record last year of $1.7 billion, up 19 percent year-over-year and up 69 percent from 2012.
“Under KORUS, most U.S. pork products now enter Korea duty free. The duty on U.S. beef has been reduced from 40 percent to 21.3 percent and will continue to decline each year until it is eliminated by 2026. It is especially important that these tariff rate reductions are maintained, because the other major pork and beef suppliers to Korea also have free trade agreements with similar market access terms.”
Source: http://www.usmef.org/news-statistics/press-releases/usmef-statement-on-revisions-to-korea-u-s-free-trade-agreement/

Written by:
kristin
Published on:
March 29, 2018

Categories: General, The Cattleman Now

Recent Posts

Crime Watch: Cattle missing near Fort Worth

July 7, 2022

Texas & Southwestern Cattle Raisers Association Special Ranger Marvin Wills, District 15 in …

Continue Reading about Crime Watch: Cattle missing near Fort Worth

Crime Watch: Pickup stolen near Castroville

July 7, 2022

Texas & Southwestern Cattle Raisers Association Special Ranger Tony Ashley, District 28 in …

Continue Reading about Crime Watch: Pickup stolen near Castroville

Texas crop progress and condition for July 6

July 5, 2022

While isolated areas of the Upper Coast received considerable rainfall, most of the state received …

Continue Reading about Texas crop progress and condition for July 6

Footer

Who We Are

Why Join
Leadership
Staff
Allied Members
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Young Cattle Raisers
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Media Kit
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2022 Texas and Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE

We Live For This Land