United States Trade Representative Ron Kirk announced Tues., Feb. 21, 2012, that the free trade agreement between the United States and South Korea (KORUS FTA) will be implemented on March 15, 2012. National Cattlemen’s Beef Association (NCBA) President J.D. Alexander praised the announcement.
“NCBA was a key player in working vigorously to ensure passage of the trade pact with South Korea. We are pleased to see a smooth implementation process taking place and commend Ambassador Kirk for his steadfast commitment to expanding trade opportunities for farm and ranch families like mine.
“When the KORUS FTA is implemented, our competitive advantage will be secured. The KORUS pact will phase out tariffs on U.S. beef over the next 15 years and will make U.S. beef a more affordable and appealing choice for our valued Korean customers. This may very well be the most monumental bilateral trade pact our industry has ever witnessed.