U.S. Agricultural Exports to Korea Likely to Reach $6.3 Billion

  • Arirang News

    April 01, 2013 11:06

    U.S. agricultural exports to Korea are expected to more than double from last year as a result of the year-old free trade agreement between the two countries.

    The U.S. Department of Agriculture projected that exports will reach US$6.3 billion this year, up from $2.8 billion in 2012, an all-time high.

    In particular, lemon exports to Korea posted a 43 percent gain after a 30 percent reduction in tariffs.

    The USDA said shipments of fruits, nuts and beef all saw brisk growth and predicted that the trend will continue.

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