date:Jul 18, 2014
South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, domestic media including the state Yonhap news agency reported on Thursday.
While the possible move is unlikely to spark a short-term surge in rice imports as hefty tariffs would deter buyers from making overseas purchases, it marks a key psychological shift in a politically sensitive sector and will anger farmers worried it