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Posts tagged: U.S.-Korea free trade agreement

Trade Agreements Key to Oregon Winemaker’s Success

Cristom wine bottles on a shelf

Cristom wine bottles on a shelf. Photo courtesy of Cristom Vineyards.

Exports are vital to the growth of U.S. agriculture. Since 2000, around 20 percent of annual agricultural production in the United States has been exported. Still, it’s difficult to conceptualize the real impact of free trade agreements until you talk to the people who have directly benefitted from them. In April, I had the pleasure of meeting with a group of winegrowers from Oregon – among them Tom Gerrie, president of Cristom Vineyards in Salem, who was kind enough to share with me his personal experience in exporting.

Cristom Vineyards is a family-run craft winery producing around 15,000 cases of wine per year. Founded in 1992 by Gerrie’s father, Paul, the company decided that in order to build global brand recognition of Oregon’s fine wines, it would need to target high-end restaurants both in the United States and abroad. In 1994, it shipped its first cases to New York, Chicago, London and Tokyo. Since then, Cristom Vineyards has expanded its exports to 48 states and 18 countries, including South Korea. More than 15 percent of Cristom’s total sales now come from exports. Read more »

U.S. Cherries On Top In South Korean Market

Shoppers at a South Korean discount chain store pick fresh U.S. cherries during a promotional event called “Cherry Day” on July 2. Since the U.S.-Korea free trade agreement (KORUS) went into effect in March, Korean retailers have seen sales of U.S. cherries rapidly increase, and in some cases, account for the top selling imported fruit. KORUS removed two thirds of the tariffs imposed on U.S. food and agricultural products exporting to South Korea.

It’s only been four months since the historic U.S.-Korea free trade agreement (KORUS) removed two thirds of the tariffs imposed on U.S. food and agricultural products exported to South Korea. But already, sales of U.S. fresh cherries are on the rise. The elimination of a 24-percent import duty on cherries – along with marketing support from the U.S. cherry industry and the Foreign Agricultural Service (FAS) in Seoul – is helping boost U.S. cherry sales in Korea to record levels. Read more »