South Korea to scrap rice import caps, farmers stage protest
date:Jul 21, 2014
rice unavoidable, said Son Jae-beom, secretary general of the Korean Advanced Farmers Federation.

He said that tariffs should be at least 400 percent and that the level should not be amended as part of any free trade deals with other nations.

CHINA, UNITED STATES

Under the current WTO agreement, South Korea must buy exactly 408,700 tonnes of foreign rice this year, or 9 percent of its demand. The amount that must be purchased abroad has gradually increased from 51,000 tonnes in 1995.

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