Hwang Jong-woo, the Minister of Oceans and Fisheries, met with dom aquaculture operators and fishing industry representatives in Busan on November 13 to discuss concerns related to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and explore response measures.
The meeting aimed to closely examine the impact of market opening on various products upon joining the CPTPP and to discuss strategies to minimize potential damage by product category.
Dom aquaculture primarily focuses on the production of red sea bream, while the fishing industry includes various species such as red sea bream, black sea bream, and striped sea bream. Therefore, it is essential to analyze the effects of market opening on domestic production and pricing based on species and production methods.
During the meeting, participants expressed concerns about intensified price competition with imported products, the burden of production costs for farmed red sea bream, fluctuations in the catch of wild dom species, and distribution and sales conditions. They also emphasized the need to consider the differences in production structures between aquaculture and fishing when analyzing the potential impacts of market opening, advocating for support in reducing production costs and expanding sales channels for domestic dom species.
Minister Hwang stated, "Since dom species are produced through both aquaculture and fishing, it is crucial to closely examine the effects of market opening and develop measures that consider the characteristics of each sector. I will thoroughly review the feedback provided today and devise practical support measures that fishermen can truly feel."
* This article has been translated by AI.
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