WORLD TRADE G/AG/N/KOR/15
15September 1997
ORGANIZATION(97-3679)
Committee onAgriculture Original: English
NOTIFICATION
Theattached notification concerning anewdomestic support measure exempt fromreduction
(Table DS:2) wasreceived from thedelegation oftheRepublic ofKorea on10September 1997.
./.G/AG/N/KOR/15
Page2
Table DS:2
DOMESTIC SUPPORT: Republic ofKorea
Notification under Article 18:3oftheAgreement:
Newormodified domestic support measures exempt fromreduction
(1) Fulltitleofmeasure:
Subsidy foragedfarmers whosellorlease theirfarmland
(2) Domestic legislation reference:
Direct payment regulations forproducers ofagricultural products
(3) Detailed description ofmeasure withreference tocriteria (i.e.those inannex 2,
paragraph 6):
Thismeasurewasestablishedtoencouragetheretirementofagedfarmersandhelptheexpansion
ofyoung professional farmers 'farming scale. Itistogrant support forfarmers whowant
toeither sellorleasetheirfarmland, anditisnotrelated toagricultural production andprices,
thus, itconforms tothecriteria fordecoupled income support.
Thebeneficiaries arelimited tothefarmers whomeetthefollowing conditions simultaneously:
a) farmers over65years ofagewhoareinvolved in,orhaveexperience of,
farming,
b) farmers whoeither wanttoselltheirownfarmland orenter intoalong-term
lease contract of5years withprofessional farmers,
c) thebeneficiaries arerequired nottocontinue farming inmarketable production
scale.
Theamount ofsubsidy perperson is258wonperm2offarmland either soldorleased, which
istheamount forthree years ofthedifference between annual farming income andrent. The
maximum limitofsubsidy is15million wonintotal.
(4) Costofmeasure: 31billion won(budget 1997)
(5) Date ofentry intoeffect: 1January 1997
(6) Period ofapplication: nolimit
(7) Products toprincipally benefit (ifanyindividual product(s)): none