Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice federation to argue against European tariffs on Cambodian exports

Rice federation to argue against European tariffs on Cambodian exports

Content image - Phnom Penh Post
A worker carries a bag of rice inside a rice mill in Phnom Penh. Hong Menea

Rice federation to argue against European tariffs on Cambodian exports

The Cambodian Rice Federation (CRF) announced on Wednesday it planned to argue on the international stage against EU tariffs on Cambodian rice exports, saying the decision will cause the Kingdom to lose its competitiveness and hurt its ability to sustain itself.

According to CRF’s statement, imposing tariffs on Cambodian rice to the EU is a regressive move.

“The decision to impose tariffs is happening too quickly, Cambodian rice will need more time to be strong enough to fully compete against other rice without being tariff free,” it read.

The statement did not outline in detail the procedures it would take to negotiate over the EU’s decision.

Despite mentioning in the release that it will find ways to lower production costs across the rice sector to cope with the financial blow, CRF has not yet provided further details on how it will do so.

CRF also said it will aim to build a brand name for Cambodian premium fragrant rice, Angkor Malis, in the international market, and urged Cambodian people to buy local rice to grow the market.

The Cambodian rice sector lost its duty-free export status to the EU last Friday after the bloc decided to impose tariffs on rice from Cambodia and Myanmar to curb a surge in such imports they say was undercutting European production.

The decision will be in effect for three years, during which the tariff rate will be steadily reduced.

The sector will be forced to pay approximately $53 million in the first year based on the amount the Kingdom exported to the EU last year.

MOST VIEWED

  • Hun Sen defends decision to dock Westerdam cruise ship

    Prime Minister Hun Sen on Thursday hit back at critics who say he allowed the Westerdam cruise ship to dock in Sihanoukville for political reasons. Speaking at an annual gathering of the Ministry of Interior, Hun Sen said he acted to avert a humanitarian catastrophe

  • Cool heads will defeat Covid-19

    Since Covid-19 was first reported as a world health issue, cruise ships have been the worst to suffer after airlines. The experiences of those who were initially trapped on the Covid-19-stricken Diamond Princess are unimaginable. The cruise ship was rejected from docking at one

  • Affordable housing project in Kandal nearing completion

    Worldbridge Homes Co Ltd’s $73 million affordable housing project in Kandal province’s Koh Kor village, in Sa’ang district, is on track to be completed at year’s end or at the beginning of next year, its general manager Yuk Sothirith told The Post

  • Westerdam passenger ‘never had’ Covid-19

    The US Centres for Disease Control and Prevention (CDC) said the US citizen that allegedly tested positive in Malaysia after travelling on the Westerdam was never infected with Covid-19 in the first place. In an article published in the newspaper USA Today on Friday, CDC

  • Crimes up with 211 deaths, influx of foreigners to blame

    Minister of Interior Sar Kheng on Wednesday said crimes increased by eight per cent last year, resulting in 211 deaths. He revealed the figures during the ministry’s 2019 review and laid the blame for the increase on an influx of foreigners into the Kingdom. “The crime

  • Remaining MS Westerdam passengers test negative

    Tests conducted on the remaining 781 passengers of the MS Westerdam for Covid-19 came back negative, the Ministry of Health confirmed on Wednesday. It also noted that the last 233 passengers to disembark the MS Westerdam are now in Phnom Penh after they were transported there in