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
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
South Korea, United States reach agreement on rice imports
WorldGrain
SEOUL, SOUTH KOREA and WASHINGTON, D.C., U.S. — After months of negotiations, South Korea and the United States reached agreement on South Korea's rice import market, officials announced late last week.

Under the agreement, Korea will double the amount of rice it imports over the next 10 years, provide guaranteed access for 50,000 tonnes of U.S. rice each year, and make imported rice available directly to Korean consumers.

To qualify for continued "special treatment" under the rules of the World Trade Organization, Korea was required to notify the WTO of the results of these negotiations by the end of 2004. The terms will be reviewed by WTO members, and, if the members approve by consensus, Korea will implement them in 2005.

Under WTO rules established during the Uruguay Round, Korea designated rice as a sensitive product. Instead of liberalizing its rice import regime by establishing a tariff-rate quota, Korea committed to import a specific level of rice imports for a period of 10 years.

That period ended on Dec. 31, 2004. The WTO rules also provided that Korea's market access quota for rice, known as "special treatment," could continue for an additional length of time, but only after individual WTO members had the opportunity to negotiate concessions in terms of how Korea would continue the "special treatment"arrangement.

Earlier this year, Korea notified its trading partners that it sought an extension of the "special treatment" for rice, and the Korean government began negotiating with the United States and eight other countries that formally expressed interest.
MGR Archive 4.1.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice