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The U.S. Dairy Export Council (USDEC) and the National Milk Producers Federation (NMPF) applauded the successful negotiations between the U.S. and South Korea aimed at resolving areas that have prevented advancement of the U.S.-Korea Free Trade Agreement.
The White House announced recently that the agreement had been finalized, after much hard work during the past several months to resolve issues maximizing the prospects of getting the FTA approved by Congress.
“Our industry has been eager to see this FTA advanced in order to expand sales in Korea and to ensure that we are not disadvantaged as other major suppliers have negotiated FTAs with Korea such as the EU and Australia,” said Tom Suber, president of USDEC. “Korea is already one of our largest export markets and this FTA will only further stimulate sales of U.S. cheeses, whey products and skim milk powder to this important trading partner.”