News

Korea-Japan relations are said to be good, but the fisheries agreement has been at a standstill for eight years

Published May 18, 2024

Tridge summary

The article highlights the ongoing stalemate in negotiations between South Korea and Japan over a fishing agreement since 2016, leading to significant financial losses for South Korean fishermen, estimated at around 72.4 billion won per year. This deadlock prevents South Korean fishermen from operating in Japan's exclusive economic zone. The National Federation of Fisheries Cooperatives has appealed to the South Korean government for expedited negotiations and increased support for alternative fishing grounds. Fishermen are growing increasingly frustrated with the situation, despite improvements in Korea-Japan relations, and are pushing for a swift resolution to the standoff.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As the Korea-Japan fishing agreement has been drifting for eight years since 2016, the damage to our fishermen, who are unable to enter Japan's exclusive economic zone (EEZ), is increasing day by day, and demands from fishermen demanding a speedy settlement are pouring in. Korea and Japan have maintained an agreement for mutual fishing in each other's EEZ every year since 1999 in accordance with the 'Agreement on Fisheries between Korea and Japan (Korea-Japan Fisheries Agreement)', but negotiations have continued to break down since 2016 when the agreement ended in 2015. To this day, the use of the name has been discontinued. For this reason, the severity of the situation is increasing as the management of fishermen in Japan's EEZ waters is worsening day by day. According to the Ministry of Oceans and Fisheries, fishing losses from related industries that cannot enter Japan's EEZ due to the failure of Korea-Japan fishing negotiations are estimated to amount to an average of 72.4 ...
Source: Fisheco
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