KREI News
The KREI invited Jeong Moon-seob, the agricultural affairs officer of Korean Embassy to China, to hold a seminar at the medium conference room on June 2, 2006. Mr. Jeong delivered a presentation entitled "2005 Agricultural Export Performance of China and Outlook."
At the seminar, agricultural affairs officer Jeong opened his speech by saying "2005 marks the fourth anniversary of China's accession into the WTO. The pressure on China for more agricultural import is gradually increasing." He also expressed, "China marked the record high agricultural export trade for agricultural products thanks to the effect of various agricultural support policies and export promotion measures."
Mr. Jeong said, "Last year, the China's agricultural export amounted to 27.18 billion dollars out of the total export/import value of 55.83 billion dollars or up 16.2 percent compared with the previous year, while the agricultural import amounted to 28.65 billion dollars. With these records, the China's export/import trade deficit significantly plunged." He also presented the features of Chinese agricultural export and import, future tasks, and outlook.
With regard to the features of Chinese agricultural import/export, the export grew 16.2 percent, but the deficit reduction recorded 68.3 percent, showing that the export growth value largely exceeded the import growth value. The export of labor-intensive agricultural products including vegetables, fruits, marine products, and livestock products grew rapidly. And the major export markets of Chinese agricultural products include Asia, Europe, and North America in order. Last year, Korea's net import of beans from China surged to 26.18 million tonnes, and this largely contributed to Korea's continuous deficit in agricultural trade following 2004.
Last year, what affected the agricultural trade with China includes the reduction of farmers' financial burden, the expansion of subsidy, the strengthened support for major food production sites, the reinformed effort for agricultural quality and safety enhancement, and the reconsideration of export quota system. These are the efforts to adjust the food export/import policies, to increase food production, and enhance quality.
He mentioned that the innovation of the trade system with foreign countries shall be accelerated, and we need to prepare for worsening conflicts over agricultural trade and reducing agricultural import growth rate and to draw up measures to boost the agricultural export competitiveness.
After Mr. Jeong's presentation, the discussion session followed to exchange diverse opinions on Chinese agricultural products.
At the seminar, agricultural affairs officer Jeong opened his speech by saying "2005 marks the fourth anniversary of China's accession into the WTO. The pressure on China for more agricultural import is gradually increasing." He also expressed, "China marked the record high agricultural export trade for agricultural products thanks to the effect of various agricultural support policies and export promotion measures."
Mr. Jeong said, "Last year, the China's agricultural export amounted to 27.18 billion dollars out of the total export/import value of 55.83 billion dollars or up 16.2 percent compared with the previous year, while the agricultural import amounted to 28.65 billion dollars. With these records, the China's export/import trade deficit significantly plunged." He also presented the features of Chinese agricultural export and import, future tasks, and outlook.
With regard to the features of Chinese agricultural import/export, the export grew 16.2 percent, but the deficit reduction recorded 68.3 percent, showing that the export growth value largely exceeded the import growth value. The export of labor-intensive agricultural products including vegetables, fruits, marine products, and livestock products grew rapidly. And the major export markets of Chinese agricultural products include Asia, Europe, and North America in order. Last year, Korea's net import of beans from China surged to 26.18 million tonnes, and this largely contributed to Korea's continuous deficit in agricultural trade following 2004.
Last year, what affected the agricultural trade with China includes the reduction of farmers' financial burden, the expansion of subsidy, the strengthened support for major food production sites, the reinformed effort for agricultural quality and safety enhancement, and the reconsideration of export quota system. These are the efforts to adjust the food export/import policies, to increase food production, and enhance quality.
He mentioned that the innovation of the trade system with foreign countries shall be accelerated, and we need to prepare for worsening conflicts over agricultural trade and reducing agricultural import growth rate and to draw up measures to boost the agricultural export competitiveness.
After Mr. Jeong's presentation, the discussion session followed to exchange diverse opinions on Chinese agricultural products.
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