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
Korea Pledges to Protect Rice Market in FTA Talks
The Ministry of Finance and Economy (MOFE) said on Sunday that it would exert all-out efforts to shelter the Korean rice market from an influx of U.S. agricultural imports after the enforcement of the proposed Korea-U.S. Free Trade Agreement (FTA).

The ministry on Sunday that keeping Korea's rice market protected against U.S. products would not be an easy task as Washington has repeatedly called for a full agricultural market opening by Korea, but the government will do its best to keep its shelter against the U.S. rice industry intact.

``Considering previous free trade pacts inked by the U.S. with other FTA partners, the U.S. agreed to clauses that held exceptions for some specific industries,'' MOFE director Kim Young-mo said.

``Given the sensitivity of the full liberalization of the rice market and the significant impact the rice market has on Korea as it is directly linked to the nation's food security and livelihood of Korea's farming community, we will endeavor to protect the local rice market to the end,'' he said.

The ministry said it will adopt differentiated negotiation tactics to minimize injury to the Korean agricultural industry and seek to exclude price-sensitive agricultural produce from items subject to instant tariff removal or at least secure a longer time for a gradual tariff removal.

As for agricultural items that mostly rely on imports, the government will actively seek to apply import quotas to prevent a sudden surge in imports, the MOFE said.

Also, the MOFE said it would ``prudently'' approach the issue of opening key backbone public industries such as telecommunications, electricity, waterworks and city gas services to U.S. service providers.

``Our basic principle of negotiation includes preventing a Korea-U.S. FTA from impairing the public domain of key backbone industries such as electricity, gas and water services,'' the ministry said. ``We judge that those industrial sectors are difficult to liberalize,'' it added.

The MOFE also clarified that opening of the educational service market will be discussed only for post-high school educational service segments.

Moreover, the ministry refuted a speculation that the Korean government yielded to the U.S. Trade Representative's (USTR) pressure to surrender to its demands on allowing operation of profit-making medical institutions, resuming importation of U.S. beef, easing automobile emission rules on car imports and relaxation of the screen quota mandatory showing days allocated to Korean films.

As for the medical service market issue, the MOFE said nothing has yet been decided and the Ministry of Health and Welfare is currently reviewing the issue.

The ministry said it concluded that a reduction of the screen quota would not deal a hard blow to the Korean film industry, in reflection of its current global competitiveness.

It added that importation of U.S. beef and loosening of emission rules for imported motor vehicles are not issues that the principles of which can be swayed by Korea's enthusiasm to clinch an FTA with the U.S.

The MOFE said it is considering holding another public hearing to collect wide ranging opinions of local industries on Korea-U.S. FTA and exchanging tariff concessions for a bilateral FTA with the U.S. at its second round of Korea-U.S. FTA negotiations on July 2.
MGR Archive 24.4.2006
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