What no crazy cow protests after this announcement!
Korea and Australia reached a deal on a bilateral free trade agreement that asks Australia to immediately and completely remove its 5 percent tariff on Korean passenger cars, the country’s no. 1 export to Australia, Korea’s trade ministry said yesterday. The agreement was announced at a trade ministers’ meeting on Wednesday in Bali, Indonesia, between Korean Trade Minister Yoon Sang-jick and his counterpart from Australia, Andrew Robb.
Based on the deal, Korea will eliminate tariffs of up to 300 percent on Australia’s major exports, notably agricultural products such as wheat, dairy and beef.
Korea’s trade ministry said that it tried to minimize the FTA’s impact on local farmers by agreeing to cut tariffs on Australian beef over 15 years. Korea is the third-largest buyer of Australian beef. [Joong Ang Ilbo]
Just further evidence that the violent 2008 anti-US beef protests had little to do with the safety of US beef by the people who organized them and everything to do with using anti-US sentiment to achieve political goals.