United States Beef has made major strides globally in recent years.
Ten years ago, there were 600,000 people in the streets of Seoul, Korea protesting the importation of United States beef. Now with the new U.S.-Korea Free Trade Agreement (KORUS), beef exports to the heavily populated, upwardly mobile Asian nation are growing as tariffs go down. From the beef industries perspective, this a good deal.
“Do no harm” was the cattle industry’s plea to the Trump Administration as it renegotiated the U.S.-Korea Free Trade Agreement. Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association, says that is what they accomplished.
The United States is also working on a bilateral agreement with Japan. Gregg Doud, Chief Agricultural Negotiator, made positive comments about the deal.
Both spoke recently with Ron Hays of the Radio Oklahoma Ag Network.
AUDIO: Profit Matters 10-2-18