Jeongeup-si Accepting Applications for 'FTA Damage Compensation Direct Payment' Until the 22nd

Jeongeup City in Jeonbuk announced on the 9th that it will accept applications for items requiring investigation and analysis by the 22nd for the selection of target items for compensation payments under the Free Trade Agreement (FTA) damage compensation direct payment program.

The damage compensation direct payment system is a program where the government compensates farmers for part of the price decline when the price of domestic agricultural products falls below a certain level due to increased imports following the conclusion of an FTA.

Jeongeup City Hall. [Photo by Jeongeup City]

Agricultural producers and producer organizations of items that have suffered price decline damage due to increased imports can submit an application form to the administrative welfare center in their local town, township, or neighborhood if they wish to have their items selected.

Once the application for the selection of target items is completed, the Ministry of Agriculture, Food and Rural Affairs will investigate and analyze the import volume and import contribution of the applied items and then select the items eligible for support.

The eligible items for application are ▲ fruit and vegetables ▲ and three types of flowers. There is no need to apply separately for the 14 items previously designated, including sesame, cherry, kiwi, citrus, grape, lettuce, carrot, cucumber, melon, strawberry, onion, carnation, cactus, and wild ginseng.

A city official said, “We kindly ask that application forms be submitted within the deadline to ensure that all items expected to be affected by FTA implementation are thoroughly investigated and analyzed.”

Jeongeup = Asia Economy Honam Reporting Headquarters, Reporter Kim Jaegil baekok@asiae.co.kr

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