Malaysia to review tariffs on Pakistani rice

Published 2024년 12월 4일

Tridge summary

Malaysia has decided to revise its tariffs on Pakistani rice to match those for rice imports from other countries, following discussions between the prime ministers of both nations. This move aims to boost the competitiveness of Pakistani rice in the Malaysian market, which had been diminished due to higher tariffs and exporter-demanded higher prices. The decision was welcomed by Pakistani Prime Minister Shehbaz Sharif during his discussion with Malaysian Prime Minister Anwar Ibrahim, and both leaders look forward to enhancing bilateral cooperation across various sectors. Sharif is set to visit Kuala Lumpur soon to further strengthen the already improving relations between the two nations.

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Original content

(By Planet Rice) Malaysia has agreed to review its tariffs on Pakistani rice, bringing them in line with the tariffs applied to rice imports from other sources, an official said on Saturday. The Cabinet Office, in a statement following a conversation between Pakistani Prime Minister Shehbaz Sharif and Malaysian Prime Minister Anwar Ibrahim, said Shehbaz expressed satisfaction with the amicable resolution of several trade-related issues identified during his recent visit to the buyer country. However, the statement did not specify which trade issues had been resolved. During his visit to Pakistan in October, Malaysian Prime Minister Ibrahim had expressed interest in importing 100,000 tonnes of Pakistani rice, as well as animal proteins. At the time, it was highlighted that higher tariffs were making Pakistani rice uncompetitive, particularly compared to grain imported from India. In October, the price of 5% broken white rice from India ranged from $444 to $448 per tonne, while the ...

Source: Planetaarroz