Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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South Korea Lifts Imports of Rice
South Korea has tentatively agreed to allow rice imports of up to 8 percent of domestic consumption by 2014, government officials said Friday.

Under the World Trade Organization, South Korea has been holding trade talks with the United States, China, Thailand and six other rice-exporting countries that demanded that South Korea open its market wider.

The Ministry of Agriculture and Forestry reported the results of its negotiations on Friday. No final agreement has been signed with any of the nine countries.

Under a 1994 global free trade agreement, South Korea was allowed to limit rice imports to 4 percent of domestic consumption, or about 205,000 tons. That deal expires this year, and South Korea must strike a new deal with rice-exporting countries.

The government said it would increase the quota by 0.4 percent annually, to 8 percent by 2014. After that, South Korea must open its market with tariffs.

In recent weeks, farmers have staged street protests that have often turned violent. They said their plight would worsen if cheaper rice from China and from the United States flooded the domestic market.
MGR Archive 18.12.2004
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