Politics
Gov't sets rice import tariffs at 513%
Sept. 17, 2014
South Korea plans to set its tariffs on rice imports at 513 percent, a ruling party official said Wednesday, as the country is scheduled to liberalize its rice market through tariffication starting next year."Through imposing a high tariff, the locally produced rice can gain enough price competitiveness," the Saenuri Party official told Yonhap News Agency, confirming the high tariff to be set.South Korea's Ministry of Agriculture, Food and Rural Affairs and the Ministry of Trade, Industry and En