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Seoul Should Prepare for Rice Tariffs: Economic Researcher.

YON - Yonhap News Agency of Korea

| December 10, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Dec. 10 (Yonhap) -- South Korea will be forced to adopt a rice tariff system unless it can be successful in planned negotiations on the opening of the rice market by the end of next year, according to a scholar Wednesday. Seo Jin-gyo, a researcher at the state-run Korea Rural Economic Institute, said the government should prepare for the worst-case scenario in the upcoming talks. "South Korea's special treatment with regard to rice tariffs is to expire at the end of next year, according to the Uruguay Round," Seo said at an international seminar on the rice market opening. "If concerned parties fail to come up with a mutually satisfactory agreement, it will lead to rice tariffs on the part of South Korea." Seo's remarks were in stark contrast to the position of agriculture ministry, which has pledged to make every effort to maintain the minimal market access (MMA) ...

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