WASHINGTON, D.C. - "The American Farm Bureau Federation is pleased negotiations between the U.S. and Korean governments on outstanding beef and automobile issues continue to progress. Resolving these issues is critical to moving forward with the U.S.-Korea bilateral agreement that has been stalled for several years. Farm Bureau is optimistic both countries will be able to reach agreement on these two issues before the 112th Congress is seated."
"The Korean free trade agreement is important for American agriculture and the U.S. economy. At full implementation of the deal, we estimate an increase of $1.8 billion in U.S. agricultural trade per year. This, combined with the other two stalled FTAs in Congress, Colombia and Panama, represents almost $3 billion in additional exports."
SOURCE: American Farm Bureau