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Do U.S. agriculture suppliers benefit from South Korea- U.S. Free Trade Agreement – the case of orange juice

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  • Heng, Yan
  • House, Lisa A.

Abstract

This paper investigates the effect of the South Korea-U.S. Free Trade Agreement (KORUS-FTA) on U.S. competition with other suppliers for the import/export of orange juice. We use monthly trade data for 2007- 2015 to estimate the import demand from the United States, Brazil, Israel, and the rest of the world. Our results suggest that U.S. suppliers have surpassed Brazil and dominate the market. Moreover, we show that thanks to the KORUS-FTA, U.S. suppliers have gained significant welfare and trade value, which is particularly important for industries suffering from a shrinking domestic market.

Suggested Citation

  • Heng, Yan & House, Lisa A., 2018. "Do U.S. agriculture suppliers benefit from South Korea- U.S. Free Trade Agreement – the case of orange juice," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(7), March.
  • Handle: RePEc:ags:ifaamr:284904
    DOI: 10.22004/ag.econ.284904
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    International Relations/Trade;

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