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The United Arab Emirates (UAE) is home to 9.8 million people. It ranks among the world’s richest in terms of per capita wealth. According to the International Monetary Fund in 2020, the UAE had a gross domestic product (GDP) of $421 billion, and a per capita spending level in line with that of developed economies, $35,000.
In Marketing Year (MY) 2018/19, heavy rains during the planting season caused farmers to opt out of the government program to reduce rice acreage and continue planting rice.
South Korea is one of the most reliable export markets for U.S. agricultural goods. Its vibrant economy offers easy access to modern retail outlets...
Korean imports of seafood in 2017 totaled $4.98 billion, up 10.7 percent from 2016 due to rising prices and increased imports of white fish and shrimp.
In Marketing Year (MY) 2019 (January – December), Korea’s chicken production is projected to increase about 2.4 percent to 932,000 metric tons (MT) from 910,000 MT in MY 2018....
On June 26, 2018, the Agricultural Affairs Office at U.S. Embassy Seoul, the U.S. Grains Council Korea office and the Korea Biofuels Forum jointly hosted the 2018 Seoul Bioethanol Conference.
The updates include the merging of the Livestock Code to the Food Code, new food safety policy measures, the updated list of MFDS’s recognized Halal and Kosher certification body, biotech labeling....
U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).
South Korea’s imports of American food and agricultural products in 2017 through September totaled $6.3 billion, up 25 percent from the same period of the previous year.
The Ministry of Food & Drug Safety (MFDS) implemented the Special Act on Safety Management of Imported Food (hereinafter referred to as the Special Act) on February 4, 2016.
The Hotel, Restaurant and Institutional (HRI) foodservice sector in South Korea continues to grow as on-going socio-economic changes promote increased consumer spending on dining outside of the home.
Fifteen representatives of major food importing companies based in Qatar, Kuwait, and the United Arab Emirates attended the National Restaurant Association Show in Chicago this year.