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Posts tagged: Free Trade Agreement

Tracing a Path Out of a Costly Trade Dispute

The trade dispute was resolved after AMS helped the businesses produce paper work and take the South Korean officials on tours of orange juice processing plants. USDA Photo courtesy of Ken Hammond.

The trade dispute was resolved after AMS helped the businesses produce paper work and take the South Korean officials on tours of orange juice processing plants. USDA Photo courtesy of Ken Hammond.

When we shop for items like orange juice at the grocery store, we often take for granted what goes on behind the scenes before we can enjoy these quality foods. Our nation’s producers and processors do not take it for granted. These products represent their livelihood, and the ability to reach new customers—especially through the export market—is critical to their businesses’ success. Recently, the USDA’s Agricultural Marketing Service (AMS) helped four businesses from Florida avert a costly 54% tariff, enabling them to continue to export frozen concentrated orange juice duty free to South Korea.

The US – Korea Free Trade Agreement (KORUS FTA) exempts U.S. orange juice from a 54% tariff when exported to Korea. However, in March 2013 Korean officials questioned the domestic origin of orange juice exported from the Sunshine State to the East Asian country. Without proof that the juice came from the U.S., exporters faced the costly tariff and the volume of exports to South Korea decreased. It was a huge loss for the Florida citrus industry which creates 76,000 jobs and pumps $9 billion into its local economy. Read more »

Online Tool Helps Ag Exporters Track Trade Agreements

The Foreign Agricultural Service recently launched an online tool, called the Agricultural Tariff Tracker, to help exporters obtain information about tariff reductions resulting from world-wide free trade agreements.

The Foreign Agricultural Service recently launched an online tool, called the Agricultural Tariff Tracker, to help exporters obtain information about tariff reductions resulting from world-wide free trade agreements.

The United States has free trade agreements with 20 countries around the world that expand export opportunities for U.S. food and agricultural producers.  To help exporters obtain information about tariff reductions resulting from these FTAs, the Foreign Agricultural Service recently launched the Agricultural Tariff Tracker.

“The tracker was developed in response to requests from the agricultural export community for more detailed information about export opportunities resulting from FTAs,” said Jeff Jones, a senior policy advisor with FAS. “Though we’ve seen significant expansion in U.S. agricultural exports as a result of our trade agreements, there will be even more opportunities for U.S. agricultural exporters in the future as tariffs continue to fall throughout implementation,” he said. “Providing more information in a user-friendly format will allow exporters to maximize the potential of these agreements.” Read more »

Learn How the Pending Trade Agreements Will Benefit You

As Agriculture Secretary Vilsack said today during a national media call, Congress must now take action on an important part of President Obama’s jobs agenda: new trade agreements with Colombia, Panama and South Korea and trade adjustment assistance to help train workers for the 21st century economy. When approved, these agreements will clear the way for new American exports around the world, help create jobs and provide new income opportunities for our nation’s agricultural producers, small businesses, and rural communities.

What these three agreements come down to is opportunity. For American agriculture, passage of these agreements means over $2.3 billion in additional exports, supporting nearly 20,000 jobs here at home. Read more »