The US Department of Agriculture (USDA) said on Friday it will lead a trade delegation of farm organizations and businesses to South Korea, in an apparent effort to boost opportunities for US farmers in a key US export market. The planned visit, scheduled for November 5-8, comes after the United States and South Korea signed a revised free trade agreement on September 24 and at a time when American farmers have been struggling due to the absence of Chinese buyers, their largest export market, due to a trade war between Washington and Beijing.
USDA's Foreign Agriculture Service (FAS) Administrator Ken Isley will be heading the mission with nearly 50 US agriculture businesses which will hold one-to-one meetings with potential customers. "Korea is consistently among the largest and most reliable export markets for US agriculture and the US-Korea Free Trade Agreement, known as KORUS, has opened up even greater opportunities," Isley said in a statement.
South Korea was the seventh biggest export market for the United States in 2017, according to figures from the office of US Trade Representative (USTR), with US exports to the country totalling $48.3 billion last year.
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