News & Events
Trade and U.S. leadership in the global economy have been hot topics during a busy last week, including the renegotiations of the North American Free Trade Agreement (NAFTA) in Canada, opening talks in modernizing the United States–Korea Free Trade Agreement (KORUS), the World Economic Forum in Davos, Switzerland, and President Donald Trump’s State of the Union speech.
The sixth round of NAFTA negotiations ended in Montreal with no firm conclusions but with commitments to come back to the table in late February for a seventh round in Mexico City.
The U.S. Grains Council is rolling out information on the quality of the 2017 corn crop to buyers and end-users around the world, aided in many cases by U.S. farmers who are sharing their own experiences growing new crop corn.
A long tradition of partnership and dedicated interaction by organizations like the U.S. Grains Council (USGC) has established South Korea as one of the largest and most loyal trading partners for the United States.
More than four decades of partnership and a free trade agreement have benefitted agribusinesses in both the United States and South Korea. But the preservation of past success must be coupled with an innovative look at the future in order for that positive trading relationship to continue in years to come, South Korea customers told a delegation of leaders and staff from the U.S. Grains Council (USGC) and the National Corn Growers Association (NCGA) last week.
The leaders of the U.S. Grains Council (USGC) and National Corn Growers Association (NCGA) traveled to South Korea and Mexico this week in concurrent missions to engage with customers and government officials during a period of policy uncertainty in the U.S. corn industry’s #1 and #3 markets.
Tim Tierney joined the U.S. Grains Council (USGC) as director of strategic marketing/ethanol, North Asia, on Monday. Based in Signapore, this new position will seek to capitalize on longstanding relationships as well as emerging opportunities for biofuels in North Asia.
Tierney’s position reflects efforts to build and align global resources for the Council's work to capture near-term demand for U.S. feed grain sales and build long-term demand for ethanol among global customers.
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.
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.
Exports are brokered across continents, but customers still appreciate the opportunity to talk face-to-face with their suppliers – particularly U.S. farmers.