South Korea's Lee says unlikely to join Pacific trade pact within his term
The president said negotiations could stretch beyond his term as officials seek safeguards 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.
13 Articles
13 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]
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.
On the 26th, President Lee Jae-myung explained the reason behind the comprehensive survey of farmland, stating, “We suggested determining whether the land was being used for other purposes instead of farming, and during this process, Minister of Agriculture, Forestry and Fisheries Song Mi-ryeong proposed, ‘Since we haven’t done this for decades, let’s conduct a comprehensive survey,’ which is how it was carried out.” President Lee made these rem…
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.
On the 26th, President Lee Jae-myung stated regarding the government's farmland survey, "We are not intending to seize farmland or impose disadvantages." The President also said, "I am considering significantly increasing the budget for purchasing farmland so that those who wish to sell can do so." President Lee made these remarks at the State Guest House of the Blue House.
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