A South Korean trade lawyer thinks changes to agricultural trade will be at the top of the list of changes requested in KORUS, the U.S. South Korean FTA. Iowa Cattlemen’s Association President Mike Cline says it’s imperative that gains made in the original agreement for U.S. agriculture are preserved.
One South Korean trade official says he believes President Trump’s threats to withdraw the U.S. from KORUS is not a bluff. Cline says the renegotiation of the agreement must be done calmly and without rash statements or accusations.
One worry the South Koreans have is that U.S. negotiators may ask for adjustments to South Korea’s action on automobiles and steel. Cline says hopefully non ag issues won’t gum up any possible agreement.
Recently the U.S. proposed revisions to language in KORUS regarding industrial goods, services, intellectual property investment and farm produce.
