Research Reports
The Rice Tariffication and Tasks of Rice Policy
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AuthorKim, Taehun
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Publication Date2014.12.30
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Original
As results of the UR agreement and the 2004 rice negotiation, the delayed tariffication as special treatment which is lasting for 20 years will be expired in December, 2014. The Korean government set a rice import tariff rate at 513% and turned in country schedule to WTO on 30 September, 2014.
There are pros and cons regarding the argument that Korea will have to change rice import system to tariffication from the first day of January, 2015. Most of experts assert that there might be no extra rice imports over MMA volume in spite of rice tariffication. Some argue that it is possible for Korea to continue delayed tariffication without any increase in mandatory rice import.
Therefore it is required to organize the issues related to rice tariffication and analyze the possibility of extra rice imports over MMA volume, particularly, considering 513% tariff rate. Moreover, it is needed to review expressed concern about rice tariffication such as potential risk of reduction in the tariff rate and sudden decrease in international rice price.
This paper provides backgrounds of rice tariffication, its impacts on rice markets after 2015 and direction of rice policy.
Researchers: Kim Tae-hun, Park Dong-gyu, Seung Jun-ho
Research period: 2014. 8. ~ 2014. 12.
E-mail address: taehun@krei.re.kr
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