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A recent World Trade Organization (WTO) ruling against Korea's import regime could give the U.S. cattle industry a chance to expand beef demand in that market, according to the NCBA. Korea is currently the No. 3 export market for U.S. beef. The WTO ruled that Korea's import regime distributed imported beef in a matter meant to suppress sales. The panel also found that Korea's excessive subsidies to its cattle producers violate that country's reduction commitments on domestic support. Korea imports about 202,000 metric tons of beef each year, and nearly half of that is from the United States. |
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