NOTE: In 2018, the Korea-U.S. FTA was successfully renegotiated with no changes in market access terms for U.S. beef and pork.
The FTA means:
- Duties of 40 percent to zero by 2026, over 15 years.
- Duties are reduced by 2.7 percent each year.
- Beef variety meat: duties of 18 percent to zero by 2026, over 15 years.
- Beef Tariff Schedule
Duties on U.S. pork (22.5 percent on chilled pork and 25 percent on frozen pork) have been phased out:
- To zero by January 1, 2016 for “frozen other” (the category which accounts for the largest share of U.S. exports).
- To zero by January 1, 2014 for frozen bellies and other bone-in frozen cuts, most offal (from 18%) and most processed products (reduced from 27% or 30% for most products) .
- To zero over 10 years for chilled cuts, with a safeguard.
- Sausages initially 18% for 1601.00.1000 were phased to zero by 2016 (most trade occurs under this category).
- Sausages initially 30% for 1601.00.9000 were phased to zero by 2014.
- Pork Tariff Schedule