• U.S. Objects to Korea's New Rice Import Scheme

    Jan 06, 2015
    The United States joined four other members of the World Trade Organization (WTO) late last month in objecting to Korea's new rice tariffication scheme. The action did not prevent Korea from imposing the new tariff-based rice import system on January 1, but the new system has not been approved by the WTO, and Korea will very likely enter into negotiations with the five countries in order to lift the objections. The USA Rice Federation supports this action by the U.S. because Korea's new import regime is a significant step backwards on market access for U.S. rice.
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