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FAS - Foreign Agricultural Service

07/13/2026 | Press release | Distributed by Public on 07/14/2026 08:48

South Korea: US-Korea Free Trade Agreement Tariff Rate Quota and Agricultural Safeguard Update

This report provides an update on the U.S.-Korea Free Trade Agreement (KORUS FTA) Tariff Rate Quota (TRQ) and Agricultural Safeguard (ASG) product fill rates. Notable developments this month include the June 12 import rights auctions for powdered milk and natural honey, though the honey auction failed due to an insufficient number of bidders. For oranges, the 2026 TRQ allocation of 3,782 metric tons (MT) is scheduled to be allocated in August 2026, with an import implementation period of September 1, 2026 through February 28, 2027. On the ASG front, sesame seeds (95.49 percent filled) and cereal/grain products (96.29 percent filled) are approaching their respective safeguard trigger levels.

FAS - Foreign Agricultural Service published this content on July 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 14, 2026 at 14:48 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]