Economy

Tensions Rise as Korea and U.S. Clash Over Market Access for American Rice Ahead of Summit

Dispute Over Market Access for American Rice

Despite the conclusion of tariff negotiations between South Korea and the United States on July 31, tensions persist over the issue of market access for American rice. This disagreement threatens to become a significant point of contention at the upcoming South Korea-U.S. summit.

Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol at Incheon International Airport

Deputy Prime Minister Koo Yoon-cheol firmly denied any discussions regarding further opening of the Korean rice market during his return from trade negotiations in the U.S. "There had been absolutely no discussion whatsoever," he stated, emphasizing the sensitivity of Korea's agriculture sector.

Contradictory Statements from Both Sides

While the Korean government denies any agreement on rice market access, U.S. President Donald Trump and White House Press Secretary Karoline Leavitt have claimed historic market access for American rice in South Korea. The Korean government dismisses these claims as "political rhetoric," highlighting the lack of an official agreement text.

Minister of Agriculture, Food and Rural Affairs Song Mi-ryung pointed out that 99.7% of agricultural trade with the U.S. is already liberalized under the Korea-U.S. FTA, suggesting the U.S. statements are aimed at domestic political audiences.

Looking Ahead to the Summit

With the South Korea-U.S. summit scheduled in two weeks, the discrepancy in public statements poses a challenge. Presidential Spokesperson Kang Yoo-jung mentioned there's "room for coordination and negotiation on specific items," indicating the issue may be addressed directly by the leaders.

The resolution of this dispute may require an official document or a top-down approach during the summit to clarify the positions of both countries.