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

  • ‘Pesticide-laden cucumbers’ kill two, poison 150 in Banteay Meanchey

    At least two youths have died and 243 others are being treated for vomiting, diarrhoea, breathing difficulties, dizziness and muscle weakness after they ate cucumbers suspected to consist of pesticides. The incident happened on Saturday, said Banteay Meanchey provincial police chief Ath Khem. He told The

  • Three dead, 13 injured in collapse at Siem Reap pagoda

    At least three people were killed and more than 10 others injured on Monday after a dining hall under construction collapsed at Prasat Kokchak pagoda in Kokchak commune, Siem Reap province. Provincial police chief Tith Narong said Military Police, soldiers and local volunteers had successfully recovered 16

  • China Unicom enters Cambodia

    China Unicom, the country’s largest telecoms operator, has expanded into Cambodia to build optical telecommunication pathways in the Kingdom as part of the Belt and Road Initiative (BRI). The Hong Kong-listed company officially opened its China Unicom (Cambodia) subsidiary on Monday to become the

  • PP-SHV Expressway on track for completion in early 2023

    The construction of the $1.9 billion Phnom Penh-Sihanoukville Expressway, which broke ground at the end of March, is on track to be completed by early 2023, Ministry of Public Works and Transport spokesman Vasim Sorya said on Monday. The 190km high-speed highway linking the capital to the

  • Kingdom’s domestic milk still cannot compete with imports

    Price competition and a lack of confidence by consumers are the main reasons the dairy market cannot compete with imports, said domestic milk producers. The large displays of imported fresh milk at the Kingdom’s supermarkets present a cumbersome obstacle for local producers, they said.

  • Forest Harmony’s $18M luxury villas break ground in Kampot

    Local and French joint-venture Forest Harmony has broken ground on its $18 million “second-home” Luxury Holiday Villas project in Kampot province. Century 21 Mekong CEO and local shareholder of the project Chrek Soknim told The Post that the project will comprise 90 villa units covering 18ha on a 97