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Article: American Soybean Association Applauds Korean Trade Agreement: Offers Immediate Duty-Free Treatment to Soybeans and Soybean Meal
- Article from:
- Targeted News Service
- Article date:
- April 3, 2007
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The American Soybean Association issued the following news release:
The American Soybean Association (ASA) lauded a trade agreement reached with the Republic of Korea for creating landmark opportunities for U.S. soy, meat, and poultry exports. ASA leaders had numerous discussions with U.S. negotiators prior to conclusion of the historic free trade agreement on April 1.
The agreement offers immediate duty-free access to U.S. soybeans for crushing and to U.S. soybean meal. And for the first time, producers of U.S. food-grade soybeans would have access to the South Korean market outside of the import monopoly created by the Korean State Trading Enterprise. Tariffs on refined soybean oil would ...