Overseas Agriculture and Forest Resources Development and Cooperation Act. Country/Territory Korea, Republic of Document type Legislation Date 2015 (2017) Source FAO, FAOLEX Subject Agricultural & rural development, Forestry Keyword Agricultural development Institution Agricultural commodities International trade Financial agricultural measures Contract/agreement Business/industry/corporations International relations/cooperation Inspection Data collection/reporting Subsidy/incentive Offences/penalties Geographical area Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Abstract The purpose of this Act is to assure stable securement of overseas agricultural resources and overseas forest resources and international cooperation by prescribing and promoting matters concerning development of overseas agricultural and forest resources and cooperation therefor. Development of overseas agricultural resources or overseas forest resources shall be conducted as prescribed by Presidential Decree. Every five years, the Minister of Agriculture, Food and Rural Affairs shall formulate a comprehensive plan for development of overseas agricultural resources, as prescribed by Presidential Decree. An Overseas Agricultural and Forest Resources Development Deliberative Council shall be established under the jurisdiction of the Ministry of Agriculture, Food and Rural Affairs. Full text English Website www.klri.re.kr References - Legislation Implemented by Enforcement Decree of the Overseas Agriculture and Forest Resources Development and Cooperation Act. Legislation | Korea, Republic of | 2012 (2016) Keyword: Agricultural development, Institution, Agricultural commodities, International trade, Financial agricultural measures, Contract/agreement, Business/industry/corporations, International relations/cooperation, Inspection, Data collection/reporting, Subsidy/incentive, Offences/penalties Source: FAO, FAOLEX