FTA aid for Korean pig farmers
South Korea has announced it is considering a
regulation system to help pig farmers hit by the bilateral trade agreement with
the United States, agreed last week.
The FTA deal, paving the way for e.g. duty-free pork (and beef) imports over the
next ten years, is likely to affect about 3.5 million South Korean farmers
Not only pig farmers will benefit from the
deal, vice finance minister Kim Seok-dong explained.
"We have to talk
to farmers and agriculture umbrella groups, but direct payment for earnings
losses and closures are to be given to people who raise such livestock as cattle
and pigs, and grow produce, including tangerines and beans."
added that the government will establish an assistance fund to provide resources
for farmers in the years to come.
Related news items:
â€¢ Warm welcome for trade deal US-Korea (3 Apr 2007)
â€¢ NPPC wants 'ambitious deal' for South Korea (22 Mar
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