Receive FTA Damage Compensation Subsidies in the Fisheries Sector... Changwon Special City Accepts Applications Until September 8

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] Changwon Special City in Gyeongnam announced on the 29th that it will accept applications for the 2022 Fisheries Sector FTA (Free Trade Agreement) Damage Compensation Direct Payment until September 8th to compensate fishermen who suffered price decline damages due to the implementation of free trade agreements.

The target items for the 2022 direct payment are improved clams, eel (freshwater eel), anglerfish, and mussels. Fishermen who have produced these items before the free trade agreement signing date and sold them in 2021, suffering price decline damages, are eligible to apply.

Fishermen wishing to apply should submit the payment application form along with documents proving production of the relevant items before the FTA enforcement date and documents proving production of the relevant items in 2021 to the Fisheries Division of Changwon City.

Based on the submitted materials, the city plans to conduct a written and on-site investigation in October, finalize the payment recipients through committee review, and disburse the payments by December 31st.

Additionally, to help fishermen understand the direct payment and promote the project, an FTA Damage Compensation Direct Payment project briefing was held on the 16th, followed by a field visit and briefing to a fishing village producing mussels on the 24th.

Kim Jong-moon, head of the Fisheries Division, stated, “Since mussels, a major seafood product of Changwon City, are among the eligible items, we will continuously promote the application of the FTA Damage Compensation Direct Payment to fishermen who meet the qualification requirements.”

This content was produced with the assistance of AI translation services.