Beef, Barley, Butter, and Bourbon: Will U.S. Agriculture Benefit from the KORUS FTA?

As a small, mountainous country, Korea has a limited amount of arable land. As result, Korea imports around half of its agricultural needs. In 2009, this meant that the Korean market was worth $15 billion to global agricultural exporters, with $3.9 billion coming from the United States. However, Korea currently has FTAs – ASEAN and the EU – or is negotiating FTAs – Australia and New Zealand – with most of the United States’ major competitors in the Korean agricultural market. Please join KEI for a discussion the current state of the U.S. agricultural industry in Korea, the future challenges it faces, and whether the U.S. agricultural industry will still benefit from the KORUS FTA.