The Banking and Strategy Initiative

Chillin' out till it needs to be funded

US Economy: New Trade Pact with Korea

US has a strong orderbook of Agri commodity exports , esp in Wheat and Cotton where it is the World’s leading producers. A new FTA agreement with korea reduces Tarriffs to Korea by 2 in 3 . Similarily US Beef Tariffs erstewhile a big barrier for China trade as China discourages US beef also impacted by Tarriffs reducing by 95% for livestock

Korea is the 5th largest Agri export market for the US. Wheat production from the US is down 1.5% in this year’s estimates even as Farmers increase the area under cultivation in the US and look to higher income on firm prices.


This entry was posted on March 15, 2012 by in Amitonomics.


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