[National Assembly Audit File] Annual FTA Damage to Agriculture and Fisheries 832.8 Billion Won… 27.7 Billion Won More Than Government Forecast

Korea Farmers & Fishermen Newspaper한국농어민신문

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It has been revealed that the annual damage to the agriculture and fisheries sectors resulting from the six Free Trade Agreements (FTAs) concluded since 2010 for which the government has established damage mitigation measures amounts to 832.8 billion won. This figure is 27.7 billion won higher than the annual damage projected by the government prior to the signing of the agreements. Critics point out that more sophisticated prior impact assessments and damage mitigation measures are also needed for the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), which the government is considering joining. Seo Sam-seok, Chairman of the National Assembly Agriculture, Food, Rural Affairs, and Fisheries Committee…

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