[The Philippines] Basic research on agricultural sector in preparation for Korea-ASEAN Free Trade Agreement
Some Korean agricultural products will be affected by the FTA with ASEAN if it is entered into. Among grains, rice and cassava will be negatively affected by the FTA due to cheap imports from ASEAN countries, including Thailand and Vietnam. Korean domestic fruits consumption would be decreased to some degree as the tropical fruits including banana, pineapple, and mango will be imported from ASEAN. In addition to this, peppers and onions, which are sensitive products, will be negatively affected by the FTA with ASEAN as well. Further study will be needed to make more accurate assessment on the effects of the FTA between Korea and ASEAN, and draw up domestic strategies to deal with such negative consequences. Next time, it is necessary to put a more focus on sensitive agricultural products.