South Korea                                 ...

South Korea                                                                               

Korean Import Figures Still Reflect U.S. Beef Sales

South Korea’s import statistics for the first two months of 2004 show 3,498 metric tons (mt) of U.S. beef. South Korea has banned U.S. beef imports since December, but the figures reflect imports prior to that which received final customs clearance in 2004 — although this does not mean that Korean authorities are allowing clearance of U.S. beef products caught in Korea by the ban. Korea imported 17,320 mt of beef in Jan.-Feb. 2004 (3.1 percent more than the prior year), and Australia captured a 52.6 share (9,180 mt) while New Zealand’s share was 27.3 percent.

Imports Of Chilean Pork Rise In Advance Of FTA

South Korea imported 23,957 mt of pork in the first two months of 2004, a 14-percent increase year-on-year. The U.S. pork industry’s share of the import market was 10.7 percent, and Canada’s was 24.7 percent. Thanks perhaps to its first free trade agreement with Chile, South Korea imported 4,094 mt of Chilean pork, 17.1 percent of the pork import market. The South Korea-Chile accord, which came into force officially on April 1, reduces tariffs on Chilean pork imports from 22.5 percent to 21.1 percent, but eliminates the tariff entirely over the next 10 years.

South Korea                                                                               

Korean Import Figures Still Reflect U.S. Beef Sales

South Korea’s import statistics for the first two months of 2004 show 3,498 metric tons (mt) of U.S. beef. South Korea has banned U.S. beef imports since December, but the figures reflect imports prior to that which received final customs clearance in 2004 — although this does not mean that Korean authorities are allowing clearance of U.S. beef products caught in Korea by the ban. Korea imported 17,320 mt of beef in Jan.-Feb. 2004 (3.1 percent more than the prior year), and Australia captured a 52.6 share (9,180 mt) while New Zealand’s share was 27.3 percent.

Imports Of Chilean Pork Rise In Advance Of FTA

South Korea imported 23,957 mt of pork in the first two months of 2004, a 14-percent increase year-on-year. The U.S. pork industry’s share of the import market was 10.7 percent, and Canada’s was 24.7 percent. Thanks perhaps to its first free trade agreement with Chile, South Korea imported 4,094 mt of Chilean pork, 17.1 percent of the pork import market. The South Korea-Chile accord, which came into force officially on April 1, reduces tariffs on Chilean pork imports from 22.5 percent to 21.1 percent, but eliminates the tariff entirely over the next 10 years.