S. Korea Agreement to Help Wyoming Cattlemen
CHEYENNE, Wyo. (AP) — U.S. Sen. Mike Enzi says a free trade agreement with South Korea will help open markets for Wyoming beef producers.
Congress on Wednesday approved free trade agreements with South Korea, Columbia and Panama.
The South Korean agreement eliminates a 40 percent tariff imposed on U.S. beef over a 15-year period. It also would remove other non-tariff barriers that currently restrict the trade of meat products.
Enzi says the agreement will increase U.S. beef exports to Korea by as much as $1.8 billion and sets the stage for expanding Wyoming meat products into other Asian markets.
Congresswoman Cynthia Lummis says the agreements will open new markets for American goods and services, which will translate into more U.S. jobs.