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Korean Market Overview U.S.–Korea Free Trade Agreement. Dried Fruit Association Specialty Crop Trade Council April 25, 2012. What makes Korea a good market. 13 th largest economy 5 th largest import market 49 million consumers $22,489 per capita income

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korean market overview u s korea free trade agreement

Korean Market OverviewU.S.–KoreaFree Trade Agreement

Dried Fruit Association

Specialty Crop Trade Council

April 25, 2012

what makes korea a good market
What makes Korea a good market

13th largest economy

5th largest import market

49 million consumers

$22,489 per capita income

Growing economy: 3.6 % in 2011; 3.5% projected in 2012

Strong ties to U.S.

Women in workforce

Urbanized – 80%

Slowing agricultural output

liberalization of korea s agricultural market
Liberalization of Korea’s Agricultural Market

Negotiating with: Australia, Canada, New Zealand, Mexico, GCC, Colombia, Turkey

michael j fay agricultural trade office seoul korea atoseoul@fas usda gov www atoseoul com
감사합니다Michael J FayAgricultural Trade Office Seoul, Koreaatoseoul@fas.usda.govwww.atoseoul.com