The Korea and USA governments officially announced the agreement of FTA negotiation between two nations on April 2, 2007. Actually the agricultural sector was the most sensitive and difficult area to be agreed in FTA between two nations. It is basical...
The Korea and USA governments officially announced the agreement of FTA negotiation between two nations on April 2, 2007. Actually the agricultural sector was the most sensitive and difficult area to be agreed in FTA between two nations. It is basically because of the remarkable differences in agricultural competitiveness between Korea and United States. Actually Free Trade Agreement with USA which has a strong agricultural competitiveness, will create negative impacts on not only the Korean agriculture but also Gyeonggi-Do regional agricultural sector as expected in previous studies. Particularly, negative effects of Korea and USA FTA on agricultural sector may be in both livestock and dairy farming such as beef, pork, chicken, milk processed products and fruit farming such as grape, apple, orange etc. These are the products that U.S has currently price competitiveness compare to those of Korea and Gyeonggi-Do. Therefore, it is necessary for us to make a preparation for reducing the negative impact on agricultural sector through enhancing the agricultural competitiveness in terms of price and quality. This paper overviews the expected effects of Korea-US FTA on regional agricultural sector and presents the policy implications of FTA in order to minimize the negative impacts on the Gyeonggi-Do agricultural sector..