Ministry of Agriculture, Food and Rural Affairs: "IPEF 14 Countries Cooperate on Food Security and Sustainable Agriculture"

[Image source=Yonhap News]

[Asia Economy Sejong=Reporter Kim Hyewon] The 14 countries participating in the Indo-Pacific Economic Framework (IPEF), a new economic and trade platform led by the United States, have agreed to cooperate in the agricultural sector to ensure food security and the sustainability of agriculture. They also shared the view to secure the stability of food supply chains through transparency and procedural improvements in food and agricultural product trade.

According to the Ministry of Agriculture, Food and Rural Affairs on the 11th, a ministerial declaration containing these details was adopted at the IPEF ministerial meeting held in Los Angeles, USA, on the 8th and 9th (local time).

The ministers identified the following as priority tasks in the agricultural sector: ▲advancement of food security and sustainable agricultural technologies ▲optimization of land, water, and fuel use and productivity enhancement ▲mitigation of climate change, adaptation, and resilience improvement.

Furthermore, in a manner consistent with World Trade Organization (WTO) agreements, they agreed to jointly work on ▲enhancing the resilience and connectivity of food and agricultural supply chains ▲avoiding unjustified restrictive measures on agricultural imports ▲increasing transparency of regulatory procedures ▲promoting the use of digital tools and related means and agreements to reduce the implementation costs of food supply chains.

The Ministry of Agriculture, Food and Rural Affairs stated, "We actively participated in domestic and international discussions to ensure that the sensitivity of our agriculture is considered in this ministerial declaration. Now that practical negotiations to outline specific details are beginning, we will closely communicate with stakeholders such as agricultural organizations and the food industry and respond meticulously."

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