Korean Journal of Organic Agriculture (한국유기농업학회지)

Korean Association of Organic Agriculture (한국유기농업학회)
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An Ex-post Analysis of the Impact of the Korea-US FTA on the Korean Beef Cattle Industry - Focused on Jeonnam Province -

한·미 FTA가 한육우 산업에 미친 영향에 대한 사후적 평가 - 전남지역을 중심으로 -

  • 서준영 (한국농촌경제연구원) ;
  • 김인석 (전남대학교 농업경제학과)
  • Received : 2023.07.25
  • Accepted : 2023.08.08
  • Published : 2023.08.31
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Abstract

The Korea-US FTA was one of the most controversial FTAs Korea has ever signed and was expected to have a significant effect on the agriculture sector, especially the livestock industry. This study ex-post analyzed the impact of the Korea-US FTA on the Korean beef industry including the Jeonnam province using a dynamic partial equilibrium model. According to the scenario analysis results, if there was no Korea-US FTA, the beef imports would be reduced to as low as 0.24% to 4.19% compared to the Baseline applying existing Korea-US FTA beef tariff rates over the 2012 to 2022 periods. In addition, if there was no Korea-US FTA, the agricultural product value of Jeonnam and national Korean beef cattle would increase from 0.25% to 7.37% and 0.25% to 7.33%, respectively, compared to the Baseline. The results of the analysis are expected to be used as important information for policy establishment in preparation for CPTPP and supplementation of current FTA policies regarding Korean beef cattle not only for the central government but also Jeonnam province.

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References

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