USDA overview of the EU rice regime
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CTA. 2003. USDA overview of the EU rice regime. Agritrade, June 2003. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52589
The USDA Global Agricultural Information Network released a report on March 5th...
The USDA Global Agricultural Information Network released a report on March 5th 2003 detailing how the EU's rice regime operates. It sets out how the standard EU import duties are designed to raise the price of imported brown indica rice to 180% of the EU intervention price, the price of imported japonica rice to 188% of the intervention price, and of milled rice to 267% of the intervention price. However, this duty may not exceed the duty fixed in the EU's Common Customs Tariff, which is a maximum of € 264/tonne for brown indica rice (currently the intervention price is € 298.35/tonne so the maximum duty paid import price is € 537/tonne). According to this report, because of the low price of rice on world markets in the past year, import duties for brown rice have continued at 264/t. The paper gives a list of the rice-sector concessions granted: Indian, and Pakistani basmati rice, LDC rice under the EBA; ACP countries under declaration XXII of the Cotonou Agreement and Balkan rice. Comment: The question arises how will this import regime work once the intervention price system is discontinued?