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AMI Statement on Opening of Korean Beef Market

Friday, September 28, 2001

AMI applauds an announcement by the Korean government that it will eliminate a discriminatory dual marketing system for beef. Ending the discrimination against imported beef will benefit Korean consumers as well as U.S. and other global producers and exporters of beef. We commend the Korean government for recognizing and accepting its international obligations and bringing its beef import regime into compliance with global trade rules.

The Institute is grateful for the efforts of the U.S. Department Agriculture, the Office of the U.S. Trade Representative, and the U.S. Department of State in bringing this matter to a satisfactory conclusion.

In early 1999, AMI and other U.S. meat industry groups urged the U.S. government to challenge the Korean system, using the dispute settlement procedures of the World Trade Organization (WTO). A WTO dispute settlement panel ultimately found Korea's beef import system to be in violation of global trade rules. After the WTO's Appellate Body affirmed the panel's finding, Korea agreed to bring its measures into compliance by October 10, 2001.

Korea is the third largest export market for U.S. beef. Last year the value of U.S. beef exports to Korea exceeded $500 million -- more than double the level of four years earlier. The growth in U.S. meat exports is one of U.S. agriculture's most striking success stories and is an important component of ensuring a healthy U.S. economy. The meat industry is the largest sector of Agriculture, which is the largest sector of the U.S. economy.

AMI represents the interests of packers and processors of beef, pork, lamb, veal and turkey products and their suppliers throughout North America. Headquartered in Washington, DC, the Institute provides legislative, regulatory and public relations services, conducts scientific and economic research, offers marketing and technical assistance and sponsors education programs.

For more information contact:
Janet Riley
Vice President, Public Affairs
Josee Daoust
Manager, Public Affairs

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