Costa Rica: Costa Rica to Reduce Imported Rice Tariffs
Link to report:
On July 6, the Government of Costa Rica published a draft executive decree that would dramatically reduce tariffs on imported milled and rough rice. The vast majority of U.S. rice exported to Costa Rica in 2021 (valued at $25 million) entered under a duty free quota for rough rice established by the Dominican Republic-Central America Free Trade Agreement. The proposed rice tariff reductions could enter into force as soon as August 1, and could lead to the displacement of U.S.-origin rough rice by South American-origin milled rice.
