South Korea: Attention to the proposal of Rice Processed Food Export Support Act

Published 2023년 6월 9일

Tridge summary

A new bill, proposed by Democratic Party lawmaker So Byung-hun, aims to boost the export of processed rice food. The bill will allow domestic rice processing companies or exporters to participate in the market and provides support for small-scale rice processors. The bill also includes provisions for overseas market support for processed rice products and will provide support to those who prepare or promote the export of these products. The goal is to expand overseas markets for rice processed foods, which have seen growth in exports in recent years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Korea Rural Newspaper] A bill to support export vitalization of processed rice food has been proposed and attracts attention. The 'Amendment Act on Fostering the Rice Processing Industry and Promotion of Rice Utilization' recently proposed by Democratic Party lawmaker So Byung-hun, allows domestic rice processing companies or exporters to actually enter the export market in addition to the support stipulated in the current law. It contains content to support. Most of the rice processors, which are small scale, do not have enough capacity to invest in new product development or gluten-free and halal certification. The amended bill includes provisions on overseas market support for processed rice products in the government's 'Basic Plan for Raising the Rice Processing Industry', and the Minister of Agriculture, Food and Rural Affairs, among domestic demand-oriented rice processors who prepare or promote exports to expand overseas markets, and the Presidential Decree It stipulates ...
Source: Agrinet

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