In January, Korea’s tariff on U.S. beef will drop to zero as laid out in a long schedule as part of the 2012 Korea-U.S. free trade agreement. Prior to the agreement it was 40 percent, in 2025 it was at 2.6 percent. Korea has been a growing market especially for premium cuts of beef, with 2024 exports of 248,562 MT, worth $2.22 billion, making it the most lucrative destination for U.S. beef. Korea has also accepted a trade deal with the U.S. stemming from new tariffs imposed this year on Korean goods, and the tariff rate for imports into the U.S. at 15 percent. With that trade spat settled, and despite high U.S. beef prices and lowered volume, U.S. beef exports are up 8 percent this year January through August. That is the...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.