11/19/2019 | Press release | Distributed by Public on 11/19/2019 12:33
WASHINGTON - Today, U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced a trade agreement with South Korea regarding market access for U.S. rice. U.S. Rep. Bruce Westerman (R-Ark.) issued the following statement:
'President Trump is following through on his commitment to support American farmers, evidenced by the administration's aggressive promotion of U.S. exports. This agreement with South Korea is yet another example of promises kept. Since Arkansas leads the country in rice production, I hope to see even more international markets open up to allow our industry to thrive. I thank Trade Representative Lighthizer and Agriculture Secretary Perdue for their dedication to American agriculture.'
According to the United States Department of Agriculture (USDA), the agreement will allow the U.S. to export 132,304 tons of U.S. rice to South Korea each year, with an annual value of approximately $110 million. This agreement also gives the U.S. the greatest volume of rice exports to South Korea in history.
As of 2015, Arkansas rice farmers grew almost half of the country's rice supply, producing 9 billion pounds of rice annually.