Enforcement Decree of the Special Act on Assistance to Farmers, Fishermen following the Conclusion of Free Trade Agreements.

Subject

Agricultural & rural development, Fisheries

Keyword

Business/industry/corporations Farming Liability/compensation Special fund Agricultural development Inland fisheries Subsidy/incentive

Geographical area

Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific

Abstract

The purpose of this Decree is to provide for matters delegated by the Special Act on Assistance to Farmers, Fishermen, etc. Following the Conclusion of Free Trade Agreements and those necessary for the enforcement thereof. The text – consisting of 23 articles – provides, amongst other things, for: standards, procedures for formulating or amending comprehensive measures to support farmers and fishermen; standards and methods for estimating damage to agriculture, fishery; ceiling on direct compensation for losses and damage; payment criteria of subsidies for discontinuance of business; plan for investment and loan to support farmers and fishermen; management of surplus funds; organization and operation of committees for supporting farmers, fishermen.

Full text

English

Website

www.klri.re.kr

References - Legislation

Implements

Special Act on Assistance to Farmers, Fishermen following the Conclusion of Free Trade Agreements.

Legislation | Korea, Republic of | 2011 (2019)

Keyword: Business/industry/corporations, Farming, Liability/compensation, Special fund, Agricultural development, Inland fisheries, Subsidy/incentive

Source: FAO, FAOLEX