What the EU’s new tariffs mean for Cambodia and Myanmar’s rice farmers

Starting today, Cambodia and Myanmar will be forced to pay hefty tariffs to export rice to the European Union – and farmers fear that it will leave both nations’ rice industries in critical condition.

Rice farmers across Cambodia and Myanmar have been left scrambling for new markets for their crop after the European Union announced on Wednesday that it will now be imposing hefty tariffs on long-grain Indica rice from both Southeast Asian nations for the next three years beginning today.

The decision, announced by the European Commission this week, follows a month-long investigation that confirmed the increase in Indica imports from Cambodia and Myanmar has been damaging to EU rice producers.

In full: http://sea-globe.com/what-the-eus-new-tariffs-mean-for-cambodia-and-myanmars-rice-farmers/

Related Stories

Latest News