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Evaluation of FTA supplementary measures for domestic market in 2014 and future challenges

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Frame of Image ··············· 27
Supervisor: R e se arc h Director, Kim Hongsang C on te nts enquiries: S e ni or Research Fellow, Han Sukho D a ta enquiries: S e on g Jinseok
▪“KRE I Agricultural Policy Focus” relates to analysis and description of the trend of and policy for agriculture and rural areas. ▪This is also provided at the KREI website (www.krei.re.kr).
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h s k i m @ k re i . r e . k r shohan@krei.re.kr j s sa i n t @ k r e i . r e . k r
N o. 112
◇ Abstract ◇
○ As the Korea-US and Korea-EU FTAs came into effect, the Korean government established
FTA supplementary measures, which are classified into 5 sectors and 18 project categories according to the purpose of a policy and the contents of a project. For the last 7 years from 2008 to 2014, the government allocated KRW 17.4777 trillion of investment and loans for the measures and spent KRW 14.8849 trillion. - To be specific, KRW 6.209 trillion (40.4%) of investment and loans were spent for improving the competitiveness of the livestock industry; KRW 1.3538 trillion (9.1%) for improving the competitiveness of the horticultural industry; KRW 4.6852 trillion (31.5%) for implementing tailored agricultural policies; KRW 2.5125 trillion (16.9%) for creating new growth engines; and KRW 312.5 billion (2.1%) for providing short-term compensation for income loss. - In 2014 alone, the government spent KRW 3.329 trillion, 82% of the total investment and loans allocated for t


Full Text
Title Evaluation of FTA supplementary measures for domestic market in 2014 and future challenges
Similar Titles
Material Type Reports
Author(English)

Park, Joonkee; Han, Sukho; Nam, Kyungsoo; Jeong, Hoyeon

Publisher

Naju, Korea:Korea Rural Economic Institute

Date 2015-09
Series Title; No KREI agricultural policy focus / 112
ISBN 978-89-6013-778-3 93520
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Economy < Economic System
Holding Korea Rural Economic Institute

Abstract

As the Korea-US and Korea-EU FTAs came into effect, the Korean government established FTA supplementary measures, which are classified into 5 sectors and 18 project categories according to the purpose of a policy and the contents of a project. For the last 7 years from 2008 to 2014, the government allocated KRW 17.4777 trillion of investment and loans for the measures and spent KRW 14.8849 trillion. - To be specific, KRW 6.209 trillion (40.4%) of investment and loans were spent for improving the competitiveness of the livestock industry; KRW 1.3538 trillion (9.1%) for improving the competitiveness of the horticultural industry; KRW 4.6852 trillion (31.5%) for implementing tailored agricultural policies; KRW 2.5125 trillion (16.9%) for creating new growth engines; and KRW 312.5 billion (2.1%) for providing short-term compensation for income loss. (The rest omitted)