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BRIEFLY

International

July 21, 1995| Times Staff and Wire Reports

U.S., S. Korea Agree on Meat Exports: The United States averted a possible trade war with South Korea by settling a 17-month dispute over Korean barriers to American beef and pork exports. U.S. Trade Representative Mickey Kantor said the new deal could mean as much as $240 million in increased sales immediately for American beef and pork producers and as much as $1 billion in higher annual sales by 1999. Kantor noted that South Korea already represents America's third-largest market for beef and fourth-largest market for all U.S. farm products. Unlike the recent bitter auto fight with Japan, the Clinton Administration took advantage of the newly created World Trade Organization to help resolve the issue, before announcing threatened sanctions.

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