Agri organizations oppose reduction in rice tariffs: Exploring the implications and arguments
Published on: June 5, 2024.
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Critics Slam Government’s Decision to Cut Rice Tariffs
Agricultural groups and a congressman have voiced their criticism over the government’s recent decision to reduce rice tariffs. They argue that the move, which slashes tariffs from 35 percent to 15 percent, will not result in lower prices for consumers and will instead harm local producers.
This joint statement, issued on Tuesday by 12 agricultural groups, emphasizes the potential negative consequences of the tariff reduction. The critics argue that while the government claims the tariff cut will lead to lower rice prices, it fails to consider the impact on local rice producers. Instead, they believe that the reduction will further penalize these producers and hinder their economic viability.
The agricultural groups also highlight the importance of supporting local producers, especially in the rice industry. They emphasize that the country has a significant number of rice exporters, such as the rice exporters in Pakistan, who play a vital role in the global rice market. Furthermore, they stress the need to protect these local producers, as their livelihoods are at stake.
It is essential to find a balance that supports both consumers and local producers. While the government aims to make rice more affordable for consumers, the critics argue that this should not come at the expense of local producers. They urge the government to reconsider its decision and evaluate alternative measures that will support the rice industry while ensuring fair prices for consumers.
To address the concerns raised, the agricultural groups propose that the government focus on improving the overall competitiveness of the rice industry. This includes investing in research and development to enhance production techniques and promoting the quality of locally-produced rice. They also suggest implementing measures to support rice exporters, such as providing access to financing and facilitating market opportunities.
The joint statement concludes by emphasizing the significance of the rice industry to the country’s economy and the need for a balanced approach that considers the interests of all stakeholders. It calls for open dialogue between the government, agricultural groups, and other relevant parties to find a solution that benefits both consumers and local producers.
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