Source: USDA, NCGA, ASA

Agriculture Secretary Vilsack made the following statement following U.S-South Korea Trade Agreement negotiations:

"Today I received word that the United States and South Korea concluded negotiations on a historic U.S.-Korea Trade Agreement that promises to provide American agriculture with improved access to more than 49 million Korean consumers. From day one, the Obama Administration has focused on taking the steps necessary to move the economy forward, get our family, friends and neighbors back to work and rebuild a strong economic foundation for future prosperity. The U.S.-Korea Trade Agreement will help us do that. The agreement also puts agriculture in a key position to help achieve President Obama's goal of doubling U.S. exports over the next five years."
 
The announcement was received favorably by both the American Soybean Association and the National Corn Growers Association. 

"We are very pleased to see the Korea FTA moving forward," said Bart Schott, president, National Corn Growers Association. "The Korean market isvery valuable tot he American corn farmer adn we fully support this FTA. We look forward to working on its passage as soon as possible in the Congress."

See the rest of Vilsack's statement
 
Comments from ASA