US will investigate the global competitiveness of rice producers

Rice

Published Feb 27, 2024

Tridge summary

Jason Smith, a member of the US Congress, has called on the US International Trade Commission (USITC) to conduct a fresh review of the global rice market. This follows a report from 2015, with Smith citing unfair foreign subsidies and policies as factors in the decline of US rice exports over the past decade. The review will focus on recent developments in the US rice industry, trade trends, and the competitive strengths and weaknesses of US and foreign rice producers, as well as the impact of existing policies and programs on rice production and exports.

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Original content

(By Planeta Arroz) “Lawmakers need an updated review and analysis of the global rice market to implement policies that better ensure that U.S. producers are able to compete on a level playing field,” wrote the Ways and Means Committee chairman. US Congress media, Jason Smith (MO-08) in a letter to the chairman of the US International Trade Commission (USITC), David Johanson. Chairman Smith called on the USITC to conduct an investigation and produce a report under Section 332 of the Tariff Act of 1930. This request follows a previous report produced by the agency in 2015. Upon sending the letter to the USITC, Smith issued the following statement: “Given the significant changes that have occurred in the global rice market since 2015, policymakers would benefit from new analyzes to determine the extent to which American rice producers face unfair competition around the world. This review should include an objective investigation into the subsidies that other producing and exporting ...

Source: Planetaarroz