Post by account_disabled on Dec 30, 2023 6:49:46 GMT
Department of International Trade Negotiations announces news Thailand has successfully joined forces with rice exporting countries to reclaim rice quotas under the WTO from South Korea. Revealed that there will be a quota of more than 28,000 tonnes, a 5% tax effective from 1 January 2020, and can also use the right to export a total quota of another 20,000 tonnes. Suggests that Thai exporters take advantage of this to push Thai rice into the South Korean market more. Mrs. Oramon Sapthaweetham Director-General of the Department of International Trade Negotiations Revealing the case of South Korea changing the system for importing rice and products under the framework of the World Trade Organization (WTO) from providing rice quotas per country to total quotas, with WTO members receiving a combined quota of 408,700 tons per year, which Thailand and other countries.
The world's major rice exporters, including China, the United States, Australia Job Function Email Database and Vietnam, have joined together to lodge objections. and has continued discussions with South Korea Until it was concluded at the end of 2019 that South Korea would allocate country-by-country rice quotas back to all five countries, using the amount that South Korea imported rice on average for the past 3 years from 2015 - 2017 as the basis for calculation. And an agreement was signed to allocate rice quotas under the WTO framework between South Korea and Thailand, Australia, China, the United States, and Vietnam at the end of December 2019. Thailand has been allocated rice export quotas to South Korea in the amount. 28,494 tons per year, tax rate 5% starting from January 1, 2020, and South Korea has also allocated a total quota to all countries under the WTO, another amount of 20,000 tons per year, tax rate in the quota 5%, which all countries, including Thailand can take advantage of this combined quota.
Therefore, Thai rice exporters are requested to hasten to take advantage of the quota that has been allocated. To expand the export of Thai rice to South Korea. South Korea prefers to consume short-grain rice. While Thailand exports medium and long grain rice. But receiving the quota for importing rice from South Korea said This is considered to increase the opportunity to export Thai rice to South Korean consumers. and turn to consume more Thai rice With export statistics in 2018, Thailand exported 20,699 tons of rice to South Korea and during the 11 months of 2019 (Jan.-Nov.) exported 675 tons. “South Korea is the number 1 export market for Thai rice. Thailand's 51st and is a country that has a policy to protect rice products. Considering the various free trade agreements that South Korea is a member, such as the US–Korea Free Trade Agreement ASEAN-Korea Free Trade Agreement and the Regional Economic Partnership Agreement (RCEP) found that South Korea did not bring rice products for tax reduction under the FTA. Therefore, Thailand signed an agreement to allocate rice quotas with South Korea. Therefore, it increases the opportunity to export Thai rice to South Korea.
The world's major rice exporters, including China, the United States, Australia Job Function Email Database and Vietnam, have joined together to lodge objections. and has continued discussions with South Korea Until it was concluded at the end of 2019 that South Korea would allocate country-by-country rice quotas back to all five countries, using the amount that South Korea imported rice on average for the past 3 years from 2015 - 2017 as the basis for calculation. And an agreement was signed to allocate rice quotas under the WTO framework between South Korea and Thailand, Australia, China, the United States, and Vietnam at the end of December 2019. Thailand has been allocated rice export quotas to South Korea in the amount. 28,494 tons per year, tax rate 5% starting from January 1, 2020, and South Korea has also allocated a total quota to all countries under the WTO, another amount of 20,000 tons per year, tax rate in the quota 5%, which all countries, including Thailand can take advantage of this combined quota.
Therefore, Thai rice exporters are requested to hasten to take advantage of the quota that has been allocated. To expand the export of Thai rice to South Korea. South Korea prefers to consume short-grain rice. While Thailand exports medium and long grain rice. But receiving the quota for importing rice from South Korea said This is considered to increase the opportunity to export Thai rice to South Korean consumers. and turn to consume more Thai rice With export statistics in 2018, Thailand exported 20,699 tons of rice to South Korea and during the 11 months of 2019 (Jan.-Nov.) exported 675 tons. “South Korea is the number 1 export market for Thai rice. Thailand's 51st and is a country that has a policy to protect rice products. Considering the various free trade agreements that South Korea is a member, such as the US–Korea Free Trade Agreement ASEAN-Korea Free Trade Agreement and the Regional Economic Partnership Agreement (RCEP) found that South Korea did not bring rice products for tax reduction under the FTA. Therefore, Thailand signed an agreement to allocate rice quotas with South Korea. Therefore, it increases the opportunity to export Thai rice to South Korea.