South Korea: Ministry of Oceans and Fisheries “RCEP, Opportunity to Protect Seafood and Expand Market”

With the final signing of the Regional Comprehensive Economic Partnership Agreement (RCEP) at the 4th Regional Comprehensive Economic Partnership Summit held on the 15th, attention is being drawn to how the import and export of fisheries will develop. In particular, since this is the first trade agreement signed with Japan, voices are calling for countermeasures in response to changes in the import and export of seafood to Japan. According to the Ministry of Maritime Affairs and Fisheries, RCEP fisheries negotiations were concluded at the level of minimizing additional market opening based on the existing FTA while maintaining current tariffs on sensitive domestic seafood such as shrimp, squid, dome, scallops, and yellowtail. . The Ministry of Maritime Affairs and Fisheries said that negotiations with China were completed at the same level as the existing FTA (effective in 2015) without additional market opening, and in the case of ASEAN and Vietnam, negotiations were conducted to ...