Market Report, "South Korea Agribusiness Report Q3 2012", Published
BMI View: On the heels of the recently implemented Korea-US (KORUS) free trade agreement (FTA) is an announcement between the government of South Korea, together with its two East Asian neighbours, China and Japan, that they aim to seal a trilateral FTA within the next two years. Given that South Koreans are the most subsidised population in the world (63% of revenues are derived from government subsidies), this is likely to receive strong protests from the agriculture sector. However, if...
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