South Korea's Lee says unlikely to join Pacific trade pact within his term
Lee said approval from all 12 members could take too long, while officials weigh export gains against projected losses for farmers and fishers.
- On Monday, South Korean President Lee Jae Myung said the country is unlikely to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership during his term, which ends in June 2030.
- Lee previously ordered officials to delay the application earlier this month, citing the need for unanimous approval from all 12 member countries and intense opposition from agricultural groups.
- Official projections estimate annual agricultural losses of 710 billion won, with fisheries and forestry production declining by 81.7 billion won and 60.6 billion won respectively; manufacturing-related production could increase by 6.3 trillion to 6.7 trillion won annually.
- Despite the delay, President Lee pledged to develop safeguards for farmers and fisheries, arguing the nation must balance primary industry survival with the necessity of pursuing necessary trade policies.
- During a parliamentary audit on Thursday, Minister Kim Jung-kwan reaffirmed commitment to joining the CPTPP, describing further consultations with farmers and fisheries as essential to building public support for membership.
8 Articles
8 Articles
President Lee: "CPTPP Cannot Be Avoided, Even If Frustrating... Conclusion Within Term Is Difficult"
(Seoul = Yonhap News) Reporters Lim Hyeong-seop and Seol Seung-eun = On the 26th, President Lee Jae-myung [addressed] the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) issue, against which farmers and fishermen are protesting, and [related]
Korea unlikely to join CPTPP by 2030
President Lee Jae Myung said Monday that Korea is unlikely to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) during his term, but stressed the need to lay the groundwork despite political criticism, while protecting farmers and fishers from losses. Speaking at a meeting with representatives from the farming, livestock, forestry and fisheries sectors at Cheong Wa Dae, Lee said joining the mega trade bloc re…
On the 26th, President Lee Jae-myung stated, “We must increase direct support for farming households,” adding, “I recognize that elevating public interest direct payments to a national priority is a clear government task.” Regarding accession to the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the President also remarked, “It cannot be avoided.”
South Korea's Lee says unlikely to join Pacific trade pact within his term
South Korean President Lee Jae Myung said on Monday that the country would not be able to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) during his term.
South Korea's Lee says unlikely to join Pacific trade pact within his term
SEOUL, Oct 26 - South Korean President Lee Jae Myung said on Monday that the country would not be able to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) during his term. Read more at straitstimes.com.
Lee says aware of farmers′ concerns over CPTPP membership, vows to prevent unfair damage
SEOUL, Oct. 26 (Yonhap) -- President Lee Jae Myung on Monday acknowledged concerns among farmers and fishermen over South Korea's potential entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), ensuring he
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