The Banking and Strategy Initiative

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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.

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

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