Korea Trade Agreement

The U.S.-Korea Free Trade Agreement, known as KORUS, entered into force on March 15, 2012, providing American agriculture with improved access to Korea’s $1 trillion economy and 49 million consumers.

With the agreement, almost two-thirds of U.S. farm products exports became duty free immediately, including wheat, corn, soybeans for crushing, whey for feed use, hides and skins, cotton, cherries, pistachios, almonds, orange juice, grape juice, and wine. Other farm products benefitted from immediate duty-free access within new tariff-rate quotas (TRQs), including skim milk powder, whey for food use, cheese, dextrins and modified starches, barley, popcorn, soybeans for food use, dehydrated and table potatoes, honey, and hay. Korea’s 40-percent tariff on U.S. beef will be eliminated over 15 years and, by 2016, more than 90 percent of pork exports became duty-free.

On the regulatory side, the agreement established a committee to enhance cooperation and consultation on sanitary and phytosanitary matters with the objective of achieving regulatory harmonization through the use of international standards and guidelines, including those of the World Organization for Animal Health (OIE).

Detailed information about this and other free trade agreements is available from the Office of the U.S. Trade Representative.

Data and Analysis

On December 24, 2018, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....
Attaché Report (GAIN)

South Korea: KORUS FTA Orange TRQ Allocation Change

U.S. oranges coming into Korea from September 1- February 28 do so under a Tariff Rate Quota (TRQ) negotiated under the Korea-U.S. Free Trade Agreement (KORUS).
Attaché Report (GAIN)

South Korea: Exporter Guide

South Korea’s imports of American food and agricultural products in 2018 through October totaled $7.9 billion, up 16.8 percent from the same period of the previous year.

News and Features

Under Secretary Alexis Taylor arrived in Seoul today with officials from 48 agribusiness and farm organizations and five state departments of agriculture.
CONTACT: press@oc.usda.gov Washington, D.C., March 28, 2018 – U.S. Secretary of Agriculture Sonny Perdue issued the following statement today regarding the agreement in principle reached by U.S. Trade Representative Robert Lighthizer and Republic of...
News Release

South Korea Lifts U.S. Poultry Ban

Contact: USDA Press Phone: (202) 720-4623 Email: press@oc.usda.gov WASHINGTON, Aug. 17, 2017 – The U.S. Department of Agriculture (USDA) announced today that the government of South Korea has lifted its ban on imports of U.S. poultry and poultry...