FTA damage compensation direct payment ‘Korean beef, beef cattle, Korean beef calves, mung beans’ finally selected

게시됨 2024년 6월 27일

Tridge 요약

The Ministry of Agriculture, Food and Rural Affairs in South Korea has announced four agricultural products: Korean beef, beef cattle, Korean beef calves, and mung beans, as being eligible for direct payment support under the Free Trade Agreement (FTA) Damage Compensation Direct Payment System for 2024. This system is designed to compensate farmers and agricultural corporations for price drops due to increased imports caused by FTAs. The compensation will be up to 95% of the domestic price drop compared to the base price, with the rate of compensation depending on the import contribution of each product. Farmers and agricultural corporations that cultivated or raised these products before a certain effective date can apply for the direct payment.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The Ministry of Agriculture, Food and Rural Affairs announced on the 27th that it had finally selected four items, including Korean beef, beef cattle, Korean beef calves, and mung beans, as eligible for direct payment support under the Free Trade Agreement (FTA) in 2024. The FTA Damage Compensation Direct Payment System is a system that compensates a certain portion of the price drop to farmers and agricultural corporations producing items whose prices have fallen due to the rapid increase in imports of agricultural and livestock products due to the implementation of the FTA. Direct payments to compensate for damage are paid within the range of 95% of the current year's domestic price drop compared to the base price, taking into account the contribution to imports. Import contribution is a quantification of the impact of the increase in imports due to the implementation of the FTA on the price decline. The import contribution of the four items selected this time is 29.3% for ...

출처: Nongmin