December 15, 2011


Korea unhappy with US-Korea free trade deal


Despite an agreement from both sides, Korean beef producers are still upset with the US-Korea Free Trade Agreement.


The deal will see the 40% tariff on US beef imports reduced gradually over 15 years.


The president of the Cattle Council of Australia, Andrew Ogilvie, is on a trade delegation to North Asia with Australia's Agriculture Minister Joe Ludwig, that also takes in Japan and China.


Ogilvie says the Korean Parliament has not yet made the US Free Trade Agreement law.


"Korean beef producers are unhappy with the free trade agreement with the US and I guess it's just political argy bargy, considering the Korean elections are due soon."


Australia's negotiations on free trade with Korea are ongoing.

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