Imports of consumer-oriented U. South Korea has experienced several recent outbreaks of HPAI, increasing its reliance on imports to avoid market disruption. Regionalization would only prevent exports from a U. This agreement would ensure that U. The recent lifting of the ban provides an opportunity for increased U.
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Further, poultry consumption in South Korea is expected to grow due to several upcoming international sporting events. The South Korean chicken industry reports a five-percent increase in chicken consumption during big sporting events both within and outside the country. Top U. For instance, U. In , the current applicable tariff on U. While Australia and Canada will also see their beef tariffs phased out, the United States has had a head start and will continue to have the lowest beef tariffs compared to Australia and Canada for a decade.
For fresh oranges, the United States maintains its dominant position with a favorable FTA duty rate of five percent in Other subcategories, such as poultry products, have different tariff reduction schedules. Additionally, tariffs on U. Other exports, such as fresh cheese, fall under the tariff rate quota TRQ system. Currently, U. Skip to main content.
December 18, International Agricultural Trade Reports. Agricultural Trade with South Korea.
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Agricultural Exports ranked by value. Staging Category. The tariff rate for corn was percent out of quota and 0 percent within the quota. Agricultural Total. Agricultural Exports to South Korea.
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The EU-South Korea Free Trade Agreement and Its Implications for the United States