U.S. Meat Export Federation Vice President of Communication Joe Schuele says the signing of the KORUS agreement is reassuring for U.S. beef and pork industries. “On the beef side, we’ve seen our duty rate on U.S. beef entering Korea dropped to about 21 percent. That is the lowest of any beef supplier. Other beef-supplying countries like Australia, New Zealand and Canada have also reached free trade agreements with Korea. They’re paying a little bit higher rate right now because the KORUS agreement was entered into force earlier than those. If we did not have those favorable terms in place, we would once again be at a real competitive disadvantage.”
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