South Korea-U.S. free trade agreement will lower export barriers for California products

Abstract

The United States and South Korea negotiated a bilateral trade agreement in 2007. After final legislative approval, likely later this year, high tariffs on exports of most California agricultural products to South Korea will be gradually eliminated. Already, with the tariffs in place, South Korea ranks among the top six destinations for many California agricultural exports. More-open access to the South Korean market will create significant opportunities for major commodities produced in California such as almonds and dairy products.