The National Pork Producers Council expressed disappointment that a final deal has not been reached between the United States and South Korea on issues related to trade in beef and automobiles. An agreement would have paved the way for the U.S.-South Korea Free Trade Agreement to be completed.
The two sides had hoped to resolve the outstanding issues before the conclusion of the G-20 economic meeting in Seoul, South Korea, which was held this week. The U.S.-South Korea FTA was signed on June 30, 2007. The FTA must be approved by the U.S. Congress as well as the South Korean National Assembly.
The FTA would be one of the most lucrative for the U.S. pork industry, according to NPPC, which has championed the pact for more than three years now. The organization is urging resolution of the outstanding issues so that congressional lawmakers can approve the trade deal as soon as possible.… Continue readingRead More »