The U.S.-Korea conflict over rice liberalization: A Korean perspective

This article argues that Korea should not completely liberalize its rice market. The argument begins from the issue of food-security policy to the contradiction between self-sufficiency and the comparative advantage of the importance of agricultural protection, in light of advanced industrialized nations’ heavy subsidies of their agricultural commodities, including rice, and implicit and explicit trade barriers on Korean exports. The argument emphasizes the importance of self-sufficiency policy for rice in Korea, thus recommending not complete but partial liberalization of the agricultural market, as a condition for Korea’s own self-interest. The argument also emphasizes the importance of a diversified foreign and economic policy for Korea, and thus of forming future security relations with other nations besides the United States.