South Korea: 99.6% of imported garlic is 'Chinese,' serious dependence on specific countries for agricultural products

Published 2023년 12월 17일

Tridge summary

The Ministry of Trade, Industry, and Energy launched the 'Industrial Supply Chain 3050 Strategy' to reduce dependence on imports from specific countries for industrial production. The strategy focuses on 185 materials, parts, and equipment items with high import dependence from specific countries and aims to provide financial support for domestic companies relocating overseas business sites. The agricultural industry in Korea also shows a serious level of dependence on specific countries for imported agricultural products, prompting calls for negotiations in trade agreements to secure a stable supply chain and cooperation clauses to protect domestic agricultural sensitive items.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With the successive shortages of elements originating from China, a movement to reduce dependence on imports from specific countries for items essential for industrial production is in full swing. Excessive dependence on specific countries for major products is not just a problem for the industry. It has been pointed out that Korea, which imports large quantities of agricultural products every year, is also showing a serious level of dependence on certain countries for imported agricultural products, and that preparations for this are necessary. The Ministry of Trade, Industry and Energy recently launched the ‘Industrial Supply Chain 3050 Strategy’ (hereinafter referred to as the 3050 Strategy) to reduce the dependence of major products on imports from specific countries. The 3050 strategy considers the impact on the industry and selects 185 of the 1,719 materials, parts, and equipment industry items with ▲imports of more than 1 million dollars ▲import dependence of 50% or more ...
Source: Nongmin

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