Post by account_disabled on Dec 30, 2023 9:12:38 GMT 2
'Ormon' revealed that South Korea returned rice quotas to 5 countries including Thailand - China - United States - Australia - Vietnam. After limiting the total quota Commerce urges export entrepreneurs to enter the market. .com/blogger_img_proxy/ Mrs. Oramon Saptawitham Director-General of the Department of International Trade Negotiations revealed that as a result of South Korea changing the system for importing rice and products under the WTO framework from providing rice quotas per country to aggregate quotas, with WTO members receiving a combined quota of 408,700 tons per year, which Thailand and Major rice exporting countries in the world, including China, the United States, Australia and Vietnam.
jointly submitted objections. and has continued discussions Job Function Email Database with South Korea Until reaching the conclusion that South Korea will allocate country-specific rice quotas back to all five countries using the amount of rice imported by South Korea on average for the past 3 years from 2015 - 2017 as the basis for calculation. And an agreement to allocate rice quotas under the framework of the World Trade Organization (WTO) was signed between Korea and Thailand, Australia, China, the United States and Vietnam at the end of December. In the past 62, Thailand was allocated a rice export quota to South Korea in the amount of 28,494 tons per year, with a tax rate of 5% starting on January 1, 2020. This is an opportunity for Thailand to be able to expand rice exports. To South Korea has increased. In 2018, Thailand exported 20,699 tons of rice to South Korea and in the first 11 months of 2019 (Jan.-Nov.) exported 675 tons. South Korea It is Thailand's 51st rice export market 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 or RCEP (ASEAN, Australia, New Zealand, China, Japan, South Korea and India) found that South Korea did not bring rice products for tax reduction under the FTA. However, Thailand signed an agreement to allocate rice quotas with South Korea. Therefore, it increases the opportunity to export Thai rice to South Korea. Because under the quota amount of 28,494 tons per year, rice exported from Thailand to South Korea will be subject to import taxes at a low rate of 5%. However, if the quota amount is exceeded, Although still able to send But the import tax rate that South Korea charges is very high, at 513%. At the same time, South Korea has also allocated a total quota in Korea to all countries under the WTO, another 20,000 tons per year, with a tax rate in the quota of 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.
jointly submitted objections. and has continued discussions Job Function Email Database with South Korea Until reaching the conclusion that South Korea will allocate country-specific rice quotas back to all five countries using the amount of rice imported by South Korea on average for the past 3 years from 2015 - 2017 as the basis for calculation. And an agreement to allocate rice quotas under the framework of the World Trade Organization (WTO) was signed between Korea and Thailand, Australia, China, the United States and Vietnam at the end of December. In the past 62, Thailand was allocated a rice export quota to South Korea in the amount of 28,494 tons per year, with a tax rate of 5% starting on January 1, 2020. This is an opportunity for Thailand to be able to expand rice exports. To South Korea has increased. In 2018, Thailand exported 20,699 tons of rice to South Korea and in the first 11 months of 2019 (Jan.-Nov.) exported 675 tons. South Korea It is Thailand's 51st rice export market 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 or RCEP (ASEAN, Australia, New Zealand, China, Japan, South Korea and India) found that South Korea did not bring rice products for tax reduction under the FTA. However, Thailand signed an agreement to allocate rice quotas with South Korea. Therefore, it increases the opportunity to export Thai rice to South Korea. Because under the quota amount of 28,494 tons per year, rice exported from Thailand to South Korea will be subject to import taxes at a low rate of 5%. However, if the quota amount is exceeded, Although still able to send But the import tax rate that South Korea charges is very high, at 513%. At the same time, South Korea has also allocated a total quota in Korea to all countries under the WTO, another 20,000 tons per year, with a tax rate in the quota of 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.