Surcharge Reduction for Rice Exports to Europe Under Tariff Quotas

The Cabinet has approved two draft ministerial announcements to be issued by the Ministry of Commerce, one on rice exports to the European Union and the United Kingdom under tariff quotas, and the other on the setting of surcharges for rice exports to the European Union and the United Kingdom.

 

In the ministerial announcement on rice exports to the European Union and the United Kingdom under tariff quotas, white rice and broken rice to be exported to the European Union and the United Kingdom are categorized as products requiring an export certificate, issued by the Department of Foreign Trade. The export certificate will be used together with the import license in order to receive tariff privileges.

 

In the ministerial announcement on the setting of surcharges for rice exports to the European Union and the United Kingdom, the export surcharge will be reduced to 1,500 baht per tonne for white rice, fragrant rice, and 100 percent parboiled rice bound for the European Union and 1,200 baht a tonne for shipments to the United Kingdom.

 

Earlier, rice exporters had to pay a surcharge of 2,500 baht per tonne. The rice surcharge reduction means that the Department of Foreign Trade will be able to collect only 31 million baht from 53 million baht a year for the International Trade Promotion Fund. However, the reduction will increase the competitiveness of Thai rice exports to the world market.

 

In 2021, the European Union has granted Thailand a quota of 17,728 tonnes of white rice and 48,729 tonnes of broken rice. Thailand will receive a quota of 3,727 tonnes of white rice and 3,721 tonnes of broken rice from the United Kingdom this year.

 

Source: The Government Public Relations Department

Post Author: web Desk