AreaBilateral/Multilateral

Commodity GroupRice

CommodityAll

Date20/07/2022

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionThe Southern Common Market (MERCOSUR) authorized its member states to reduce the block's Common External Tariff (CET) for a host of imported products by 10 percent, effective from 1 July 2022. For polished or glazed semi/wholly milled rice, the move lowered import duties from a CET of 12 to 10.8 percent, while for all other semi/wholly milled rice and for fully broken rice, it lowered the tariff from 10 to 9 percent.