Free Trade Agreement
Trade teams from South Korea have met face-to-face with U.S. farmers and grain suppliers in eight states in the last three months - all part of work by the U.S. Grains Council (USGC) to secure and expand U.S. exports to the third largest market for U.S. corn and distiller’s dried grains with solubles (DDGS).
A statement from the U.S. Grains Council (USGC):
"The Council strongly opposes withdrawal from the U.S.-Korea Free Trade Agreement (KORUS), an action that will lead to immediate and sustained losses in sales to our third largest corn customer.
"South Korea is an example of the transformational partnership available to U.S. grain farmers and their global customers through strong trade policy and overseas market development.
At first glance, cattle feeders from Mexico may not appear to have much in common with Corona beer or the Mexican media. Yet each has a common reason for traveling to the United States in late August: learning more about the potential for collaboration and increased business between the United States and Mexico.
As negotiators from the United States, Mexico and Canada began talks this week to modernize the North American Free Trade Agreement (NAFTA), the U.S. Grains Council (USGC) is undertaking new and creative efforts to educate stakeholders at home and abroad about its importance to the continued growth of global agriculture trade.
The Office of the U.S. Trade Representative announced this week it would begin a reexamination of the U.S.-Korea Free Trade Agreement (KORUS) by formally notifying South Korea the United States will call a special joint committee meeting to discuss the trade agreement and consider changes.
Trade equals huge success for exports of U.S. feed grains in all forms, particularly to the 20 countries with which the United States has a free trade agreement (FTA).
Exports of feed grains in all forms to FTA partner countries have increased by nearly 24 percent over the last 10 marketing years (2006/2007 to 2015/2016), according to U.S. Department of Agriculture (USDA) trade data and analysis by the U.S. Grains Council (USGC).
U.S. sorghum producers in Texas and Kansas are tapping into the logistical advantages of their closest international market - Mexico - during a direct sales mission organized by the U.S. Grains Council (USGC) and the United Sorghum Checkoff Program (USCP).
U.S. farmers, agribusinesses and trade organizations are - and must continue to be - actively engaged in the renegotiation of the North American Free Trade Agreement (NAFTA). U.S. Grains Council (USGC) President and Chief Executive Officer Tom Sleight conveyed that call to action and offered a strong show of support for the long-standing partnership between U.S. and Mexican agriculture during recent remarks to the Mexican feed industry.
Developing markets for U.S. ethanol involves a complex combination of trade policy and marketing work. Two U.S. Grains Council (USGC) activities this past week aimed to not only provide insights on ethanol policy development with a role for trade, but also exchange information with government officials, traders and even consumers about the environmental, health and economic benefits of increased ethanol use.
Strong educational programming is a critical element of the U.S. Grains Council (USGC) strategy to build global demand for U.S. corn, sorghum, barley and value-added products. As part of that effort, USGC recently offered trade schools in three cities across Colombia to provide a farmer-to-final product perspective on U.S. grains.
More than 120 attendees took part in the seminars, gaining insights from farmers, traders and USGC staff on topics including hedging, international freights and consolidation of purchasing pools.