US lobby group calls for full taxes on all Cambodian rice

[geovalin]

Cambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list.

 

However, lobbyists USA Rice last month provided virtual testimony to the US International Trade Commission (USITC) in support of removing Cambodian rice from the list. It submitted a petition to the Office of the US Trade Representative (USTR) in March advocating for the removal of rice from the list of GSP-eligible commodities.

 

The petition has since moved forward into the formal review process, including a concurrent analysis by the USITC. USA Rice said most developing countries are eligible for duty-free access for parboiled rice only. However, all rice from the “least developed countries” such as Cambodia and Myanmar, is eligible for duty-free access into the US.

 

read more https://www.khmertimeskh.com/50743069/us-lobby-group-calls-for-full-taxes-on-all-cambodian-rice/