Korean Government Reviews the Introduction of Trade Benefits Sharing System in Support of the Agricultural Sector

Date: 2015.03.24

On March 16, 2015, several Korean newspapers including Farmers Newspaper had reported that the Korean government is considering the introduction of trade benefits sharing system for compensating the damage in the agricultural sector after the launch of Korea-China FTA. Korean Agricultural Economics Society is now studying this regime. It is for reducing the strong complaints of Korean agricultural sector on active FTAs of the Korean government.

Source: Korea Rural Economic Institute, Weekly Report on Agricultural Policy, March 23, 2015

(Research and summarized by Dr. Jeong-Bin Im)