U.S.-Korea Business Council’s Tami Overby talks about the benefits of a free trade agreement with South Korea and warns that U.S. producers are already losing market share to their European competitors, who already have an agreement in place. “The free trade agreement is about lowering tariffs,” Overby says. The average Korean agriculture tariff is 53%. As soon as we sign this agreement, 85% of all Korean tariffs will go to zero.”