Trade Fact of the Day
The U.S. manufactured goods trade balance improved 122 percent with our FTA partners, but only six percent with non-FTA partners in the first five months of 2008.
About Trade
"Free and fair trade helps secure a future of freedom and promise."
President George W. Bush
World Trade Week Proclomation
May 16, 2008
Facts Of The Day
March 31, 2008
Upon implementation of the U.S.-Korea Free Trade Agreement, U.S. wheat for milling will enter Korea duty free immediately. Korea’s imports of U.S. wheat will no longer be subject to the 1.8 percent WTO tariff or the autonomous tariff-rate quota of one percent. Although this tariff differential may be small, it could provide some additional advantage when competing against Canada and Australia.
Source: Prepared by the U.S. Department of Agriculture
