May 13, 2010

 

South Korea increases beef imports from US
 

 

An agreement between US and South Korea has recently taken effect this month that allows the former to export more beef to South Korea.

 

South Korea's markets for US beef were shut down following the finding of a BSE case in the US in late 2003. Since then, South Korea, the third largest export market for US beef prior to the BSE finding, has slowed down to reopen markets.

 

The policy change allows US beef and beef products of all ages to enter South Korea. The protocol is consistent with World Animal Health Organization and prevailing international standards.

 

American Farm Bureau indicated beef exports to Korea prior to the market closure were valued at more than US$772 million annually.

 

"We know there is a significant demand there for quality US beef that has not been satisfied for more than four years," said Philip M. Seng, president and CEO of the US Meat Export Federation (USMEF).

 

In 2003, the US exported 543.6 million pounds of beef and beef variety meats to South Korea, according to the USDA. In 2007, an estimated 53.4 million pounds were shipped to South Korea. The shipments were limited to boneless beef from cattle under 30 months of age. The market was only open for about five months of the year.

 

"We know North Dakota beef is some of the best in the world, and I am pleased that it will soon be back on Korean tables," Congressman Earl Pomeroy said. "I view this agreement as very welcome news."

 

Pomeroy travelled to South Korea in 2007 and visited with Korea's Minister of Foreign Affairs and Trade. He discussed the US-Korea Free Trade Agreement and the status of opening Korea's markets to U.S. beef imports.

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