US will investigate the global competitiveness of rice producers

(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 ...