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The Korea- Australia Free Trade Agreement (KAFTA) was officially signed by both parties on April 8th, approximately two years after the KORUS FTA went into effect in March 2012.
Beef production is expected down in 2015, as slaughter is lower than the revised 2014 number, reflecting the expectation that the UAE’s cattle donation will not continue into the coming year.
Chicken production is expected to increase 5.1 percent to 746,000 MT in 2014 and to 753,000 MT in 2015 due to greater broiler chick production and higher parental stock inventory.