EU Set To Impose Tariffs On Cambodia, Myanmar Rice Imports

www.oann.com | 1/14/2019 | Staff
malik778 (Posted by) Level 3
BRUSSELS (Reuters) – The European Union is likely this week to impose tariffs on rice coming from Cambodia and Myanmar for the next three years to curb a surge in imports, according to a source familiar with the file.

The European Commission, which oversees trade policy in the bloc, proposed the measures last year and put these to the 28 member countries in December, but failed to get a clear majority of them in favor.

Absence - Opinion - Committee - Commission - Decision

In the absence of an opinion by the relevant committee, the Commission itself was bound to take the final decision.

It has launched an internal procedure to determine if there is any opposition, with a Wednesday deadline, a source familiar with the process said. If, as expected, there is no opposition, then it would likely announce the start of measures on Friday, the source said.

Commission - Proposal - Duty - Euros - Tonne

The Commission’s proposal is to set a duty of 175 euros ($200.73) per tonne of rice in the first...
(Excerpt) Read more at: www.oann.com
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