As the result of WTO renegotiations in 2004, Korea is faced with the choice between increased minimum market access (MMA) and tariffication of rice imports. DDA negotiation on agriculture adds uncertainty to the environment of rice trade for the coming decades. In addition, Korean government is challenged with domestic issues such as decreasing rice consumption, accumulating inventory of rice, and aging rural population, which make the restructuring of Korean rice industry more difficult and costly. This paper is intended to propose short-term and long-term strategies to adjust the rice industry, farmers, and rural community to the changing environments with minimum frictions, considering the political and social costs of structural adjustment.
During the 1994-2004 period, Korean government had allocated 102 trillion won for agricultural structuring. However, the economic situation of agricultural sector had deteriorated and the farm households accumulated heavy burden of debt. (The rest omitted)
쌀 협상과 미곡산업 구조조정방안(Re-negotiation and restructuring of rice industry in Korea)
|Series Title; No||정책연구시리즈|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < Agriculture|
|Holding||KDI; KDI School|