EU imposes tariff on rice from Cambodia, Myanmar

Sok Chan / Khmer Times No Comments Share:
People move sacks of rice in a warehouse in Phnom Penh. KT/ Mai Vireak

The European Commission has imposed tariff on rice coming from Cambodia and Myanmar by implementing the safeguard measures.

The EC said in a press release on Wednesday that a significant increase of imports of Indica rice from Cambodia and Myanmar into the European Union caused economic damage to the EU producers.

“Therefore, the EU commission has decided to re-introduce import duties that will be steadily reduced over a period of three years,” it said.

According to the Commission’s decision, the EU will reinstate the normal customs duty with 175 euro per tonne in January, 150 euro per tonne a year later, and 125 euro per tonne the subsequent year.

During the investigation in last March, the Commission found that imports of Indica rice from both countries increased by 89 percent in the past five rice-growing seasons, it said.

It said the investigation found that the prices were substantially lower than those on the EU market and had decreased over the same period.

The surge in low-price imports caused serious difficulties for EU rice producers to the extent that their market share in the EU dropped from 61 percent to 29 percent, it said.

Data from the Secretariat of One Window Service for Rice Export showed that between January and November 2018, Cambodia exported 497,420 tonnes, down 13 percent compared to the corresponding period in 2017. That year rice exports rose 17.21 percent to reach 635,325 tonnes, with a total value of $333.1 million.

Cambodian rice exports in 2017 represented 1.6 percent of global rice exports, World’s Top Exports research portal showed.

That year Cambodia was the ninth biggest exporter in the world, while Myanmar held the tenth spot.

Share and Like this post

Related Posts

Previous Article

Kong Bora to work at Agriculture Ministry

Next Article

Kong Korm and son return to politics after royal pardon