Earlier this week the Trump administration indicated it was drafting plans to exit the U.S. South Korean Free Trade Agreement also known as KORUS. National Pork Producers Council President Ken (mash-off) Maschoff says now it appears that move has been deferred.
He says if the U.S. were to leave that agreement it would do a great deal of economic harm to America’s pork producers.
Maschoff says exiting KORUS would cause the United States to lose market share to other countries.
South Korea is a valuable trade partner for U.S. pork, making it the number five export market. KORUS is the second largest U.S. free trade agreement eliminating tariffs on 95% of consumer and industrial products.
