Organic processed products certified in the United States or Korea can now be labeled as organic in either country, the U.S. Trade Representative announced in July. The agreement gives American organic farmers, processors and businesses greater access to Korea’s growing market for organic products.
The arrangement covers milk, organic condiments, cereal, baby food, frozen meals and other processed products. According to U.S. industry estimates, exports of organic processed products from the United States are valued at approximately $35 million annually.
The Organic Trade Association said the arrangement “reopens a critically important Asian market for U.S. organic processed food products, and will create jobs and opportunity for the American organic food and farming sector.” The OTA said the value of exports could double in five years.
The organic food market in Korea grew by an average rate of 50% from 2006 to 2011, and is expected to expand to $6 billion by 2020. In 2011, organic food represented 10% of the total agricultural products market in the country.