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Secretary Perdue Statement on Agreement in Principle on KORUS
(Washington, D.C., March 28, 2018) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement today regarding the agreement in principle reached by U.S. Trade Representative Robert Lighthizer and Republic of Korea Minister for Trade Hyun Chong Kim regarding modifications to the U.S.-Republic of Korea Free Trade Agreement (KORUS):
“I applaud President Trump, Ambassador Lighthizer, and the U.S. trade team for partnering with the Republic of Korea to modernize KORUS and protect the strong agricultural components that were built into the pact. Korea has long been an important trading partner for U.S. agriculture and currently ranks as our 6th-highest value market. U.S. agricultural exports to the country have increased 95 percent over the past decade and we look forward to continued growth. Through this new agreement in principle, progress was also made with regard to Korea’s customs verification procedures, which have been a substantial concern related to exports of U.S. agricultural and industrial goods.”
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