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Korean Market Overview U.S.–Korea Free Trade Agreement

Korean Market Overview U.S.–Korea Free Trade Agreement. Dried Fruit Association Specialty Crop Trade Council April 25, 2012. What makes Korea a good market. 13 th largest economy 5 th largest import market 49 million consumers $22,489 per capita income

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Korean Market Overview U.S.–Korea Free Trade Agreement

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  1. Korean Market OverviewU.S.–KoreaFree Trade Agreement Dried Fruit Association Specialty Crop Trade Council April 25, 2012

  2. What makes Korea a good market 13th largest economy 5th largest import market 49 million consumers $22,489 per capita income Growing economy: 3.6 % in 2011; 3.5% projected in 2012 Strong ties to U.S. Women in workforce Urbanized – 80% Slowing agricultural output

  3. Liberalization of Korea’s Agricultural Market Negotiating with: Australia, Canada, New Zealand, Mexico, GCC, Colombia, Turkey

  4. The United States is well-positioned as the dominant supplier…

  5. Growing our 5th Largest MarketU.S. Exports - $7.8 Billion in 2011

  6. Maintain Markets for Corn, Wheat, Soybeans, Soymeal

  7. Expand Intermediate andConsumer-Oriented

  8. Expand Intermediate andConsumer-Oriented

  9. Tariff Phase-Out Schedule under KORUS

  10. Participate in U.S. Promotional Activities

  11. www.atoseoul.com

  12. www.atoseoul.com

  13. 감사합니다Michael J FayAgricultural Trade Office Seoul, Koreaatoseoul@fas.usda.govwww.atoseoul.com

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