ABSTRACT
Reference prices at the farm level for several strategic commodities issued by the Ministry of Trade are generally higher than fair prices to obtain reasonable profits (20-30% of total farming cost). For maize, soybean, and sugar, the reference price is around 2.28%; 14.34%; and 13.40%...
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2014.10.17
6,787
Sung-Jae Chun
Public-Service Advocate of Korea
This article is a news release of the Ministry of Agriculture, Food and Rural Affairs, Republic of Korea which was distributed on September 18, 2014. It discusses the tariff rate on imported rice from 2016 when Korea goes to rice import...
2014.09.22
5,526
Dr. Jeongbin Im
Professor
Department of Agricultural Economics and Rural Development
College of Agricultural and Life Science
Seoul National University
Seoul, Korea
E-mail: jeongbin@snu.ac.kr
On September 18, 2014, the Korean government announced that the...
Thirty-one Cambodian tariff lines – mostly agricultural products – now carry the zero rate to neighbouring Vietnam for 2021-2022, the Ministry of Commerce announced on March 25.
This comes as the Bilateral Trade Facilitation Agreement for 2021-2022 was formally ratified after the completion of internal procedures, with retroactive benefits for exports, the ministry said.
The pact was reached by a 18th Cambodia-Vietnam Joint Commission meeting on December 22.
The ministry invited exporters to apply for the Co Form S – available on its website – to ship goods of the tariff lines to Vietnam.
It also called on exporters who want to ship milled rice or dried tobacco leaves duty-free this year to specify the desired amount to the Export-Import Department under the ministry’s Trade Support Services General Directorate by May 26.
Cambodia and Vietnam inked the trade-facilitation agreement in October 2016 to drop import tariffs on dozens of products in an effort to boost bilateral trade and have renewed it every two years since. The goods covered in the deal, however, are determined on a yearly basis.
Pann Chantrea, owner of Thorn Chea Rice Mill in Tbong Khmum province’s O’Reang-ou district, told The Post that the renewed agreement will boost the price of paddy, create a strong market for Cambodian farmers and improve their livelihoods to another level.
“It’ll help keep the prices of Cambodian farmers’ paddy more competitive because Vietnamese traders venture to buy at higher prices,” she said.
Read more here.