Wednesday 26 October 2011

Colombia: Tariffs protecting rice sector removed over 19 years

The national planning department director Hernando Jose Gomez, indicated that the tariff's applied to the rice sector will be removed slowly over 19 years, despite the US free trade deal. He said "we achieved a time period during which rice will be liberalised and for the first five years of the free trade agreement, the tariff, which is 80 percent, will not be touched. This means that, the tariff will only start to be reduced from year six onward." Read more ...
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