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UK-India FTA: UK will have to wait at least half a decade for most tariff lines to go zero

57% of negotiated product lines to become tariff-free only after 2030; cosmetics, silver bars, and medicines among delayed categories. Ishaan Gera The recently concluded free trade agreement between India and the United Kingdom is unlikely to offer immediate gains for British exporters, with more than half of all tariff reductions delayed beyond 2030, a Moneycontrol […]

Japan vows more US rice imports within tariff-free quota

By Kaori Kaneko TOKYO, July 23 (Reuters) – Japan will import more rice from the United States but within the existing tariff-free quota, Prime Minister Shigeru Ishiba said on Wednesday, stressing Tokyo’s success in protecting the agricultural sector in agreeing a bilateral trade deal. After months of negotiations, the two countries struck a deal to […]

Philippine lawmaker seeks prioritisation of rice tariff law amendments

MANILA: Las Piñas Rep. Mark Anthony Santos has urged colleagues in the House of Representatives to prioritise deliberations on proposed amendments to Republic Act No. 11203, or the Rice Tariffication Law (RTL), to ensure sustained availability of affordable rice in public markets. In a statement on Monday (July 21), Santos said the benefits promised under […]

Rice tariff collections plunge 63% to P4.2 billion

Jasper Emmanuel Arcalas MANILA, Philippines — The country’s rice tariff collections in the first quarter plunged by 63 percent on an annual basis to a little over P4.2 billion, Bureau of Customs (BOC) data showed. Preliminary BOC figures indicated that the agency collected P4.25 billion in tariffs from some 1.02 million metric tons (MT) of […]

Trump tariffs threaten to pile more pain on Thailand’s rice sector

Reuters NAKHON PATHOM, Thailand: Thai farmer Daeng Donsingha was already worried for her family of nine when rice prices in the world’s second-largest exporter of the staple crashed this year after India resumed exports. Now, she’s also fretting over the tariffs unleashed by U.S. President Donald Trump, which could slash demand for Thai rice in […]

Geopolitical concerns spark fears of decline in Basmati cultivation in Punjab

Exports may suffer due to two key geopolitical issues: the proposed 26% US tariff on Indian goods, currently on hold, and rising tension between Iran and the US over Iran’s nuclear development program. Harpreet Bajwa CHANDIGARH: There are concerns that the area under Basmati rice cultivation in Punjab the country’s largest producer of the GI-tagged […]

Economists urge gov’t to retain 15% tariff on rice. 

By: Jordeene B. Lagare MANILA, Philippines — The Foundation for Economic Freedom (FEF) is pushing to retain the 15-percent tariff on imported rice, warning that raising duties could drive up retail prices, disrupt local supply and undermine the country’s position in the regional rice market. “Reinstating the 35 percent tariff would likely reverse the consumer […]

27pc tariff on Indian rice temporary hurdle, say exporters

Synopsis Indian rice exporters are cautiously monitoring the impact of the new 27% US tariff, though it is expected to be a short-term challenge. Industry leaders believe India’s competitive pricing and strong market presence in West Asia and the US will help maintain stability. Indian rice exporters are adopting a wait-and-watch approach following United States’ […]