摘要 : This paper considers recent data on Korea Republic dairy markets, domestic policies and border measures, and then estimates supply and demand equations for milk and milk products. It also draws implications for future trade prospe... 展开 This paper considers recent data on Korea Republic dairy markets, domestic policies and border measures, and then estimates supply and demand equations for milk and milk products. It also draws implications for future trade prospects and finally considers potentials in other Asian countries. Korea Republic, like other Asian countries, has relatively low per capita consumption of dairy products and rapid demand growth. Tight import controls limit imports and the internal prices of dairy products aretwo to three times border prices. The analysis finds that dairy product demand (so far primarily fluid milk consumption) is elastic and has been sensitive to income growth and the modernization of the Korea Republic economy represented by increased urbanization. Policy simulations and projections indicate substantial potential for import growth in manufactured dairy products, even if the growing fluid milk market is reserved for domestic producers and domestic milk prices rise somewhat. 收起