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Custom-inspection reform part of deal on KORUS
Story Date: 3/29/2018
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Source: POLITICO'S MORNING AGRICULTURE, 3/28/18
The Trump administration's first major trade deal - the "agreement in principle" to reshape the U.S.-South Korea Free Trade Agreement, better known as KORUS - features a provision where South Korea agreed to reform its custom inspection procedures for determining whether an import meets the necessary "rules-of-origin" to qualify for duty reductions under the pact.
"Oftentimes in the past, Korea has had burdensome and arbitrary inspections for country of origin at the border. It's been a big problem, not just for cars, but for all kinds of industrial products, even agricultural products and processed foods," a senior administration official told reporters on Tuesday night.
Talks aimed at rebooting KORUS to satisfy President Donald Trump's demands concluded last week, but the White House had not gone public with details prior to a briefing on Tuesday night. Pro Trade's Doug Palmer breaks it down for you here.
- Food safety effectiveness difficult to gauge: Measuring how well the Food Safety Modernization Act is working to prevent people from getting sick could be difficult because detection techniques are changing so much, Stephen Ostroff, deputy commissioner for foods and veterinary medicine at FDA, said on Tuesday.
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