Gyeongnam Nonghyup Holds Steering Committee Meeting of Gyeongnam Export Nonghyup Council

Consultation on Export Promotion Measures in Response to the Abolition of Export Logistics Costs

On the 22nd, Gyeongnam Nonghyup held an operations committee meeting at the Nonghyup Gyeongnam Headquarters conference room with 15 executive union heads from the Gyeongnam Export Nonghyup Council in attendance to devise measures to revitalize projects following the suspension of export logistics cost support in 2024.

During the operations committee meeting, the 2024 export performance analysis and the status of major crop yields and export trends were shared.

With the suspension of export logistics cost support in 2024, exports are expected to shrink, and discussions were held on countermeasures to address this issue.

Gyeongnam Export Agricultural Cooperative Council Steering Committee.
[Image provided by Gyeongnam Nonghyup]

Export logistics costs, supported since 1990, have contributed to enhancing the price competitiveness of exported agricultural products, promoting excellent Korean products overseas, stabilizing domestic prices, and increasing farmers' incomes.

However, according to the WTO, this support will be abolished starting in 2024. The abolition is expected to have negative effects such as reduced exports due to weakened price competitiveness, decreased income for fresh agricultural product producers, and increased volatility in domestic supply and demand.

Kang Bok-won, Chairman of the Gyeongnam Export Nonghyup Council, stated, “Once the export market is lost, it is difficult to recover, so continuous government attention and support are necessary. Although export conditions are challenging due to exchange rate fluctuation risks and rising agricultural material costs, Nonghyup, exporting farmers, and export companies will unite their efforts to wisely overcome this crisis.”

Kim Ju-yang, Head of Gyeongnam Nonghyup Headquarters, said, “We will strengthen on-site support for production area Nonghyups, establish a support system through cooperation with export-related organizations, and work harder to enhance export competitiveness by fostering export cooperative shipping associations, strengthening the selection of export agricultural products, and expanding overseas market channels.”

The Gyeongnam Export Nonghyup Council is an organization where Nonghyups that are exporting or wish to export within Gyeongnam become members to share information and know-how.

Formed in April 1999, as of 2023, a total of 65 Nonghyups within Gyeongnam participate as members, actively engaging in various efforts to promote exports.

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