Thursday, July 8, 2010

Poultry, egg industries support Korea pact

Trade groups representing the U.S. poultry and egg industries -- National Chicken Council, National Turkey Federation and USA Poultry & Egg Export council -- said they support a move to gain congressional approval of a 2007 Free Trade Agreement between the U.S. and Korea. President Barack Obama in a recent G-20 summit set a November deadline for approval of the agreement, which has been stalled in Congress since 2007.
From 2005-09, U.S. poultry and egg exports to Korea averaged over $52 million annually. Industry experts expect exports to the country to increase more than 80% annually if the agreement were to be implemented.

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