“In addition to the administration’s plan to seek talks with Seoul on beef, the U.S. Agriculture Department will award an additional $1 million in 2011 to the U.S. Meat Export Federation to supplement the trade group’s promotion of U.S. beef products in South Korea. The export group has created a 5-year, $10 million beef promotion plan.” (Wall Street Journal)
In case you were under the impression that these things have anything to do with free trade.
FEE Timely Classic
“Why Managed Trade Is Not Free Trade” by Robert Batemarco