Dominican Rice Producers Worry US Imports Threaten National Production
What happened
The Dominican Government announced eight measures to address the rice situation after eliminating import tariffs in the Dominican Republic. Rice farmers met with a government delegation led by Vice President Raquel Peña. Marcos Rodríguez, president of the National Federation of Rice Producers, stated that the US free market could eliminate 30,000 producers and 300,000 jobs.
From dominicantoday.com
Why it matters
The elimination of import tariffs and the entry of US free market rice are causing concern over the competitiveness of national production. Farmers argue the current government measures do not provide concrete solutions or level the playing field. If the free market proceeds without adjustments, producers warn that national rice production could disappear.
From dominicantoday.com
Who's involved
- Dominican RepublicThe nation whose rice production is under threat from imports.
- Raquel PeñaLed a government delegation meeting with rice producers.
- Marcos RodríguezPresident of the National Federation of Rice Producers, voicing concerns.
- SueroDirector of the Dominican Association, who commented on the situation.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Marcos RodríguezSpeculative
Might face reduced revenue and sales due to the threat to national rice production viability.
- SueroSpeculative
Could see increased costs or reduced business viability due to regulatory changes and geopolitical dependency.
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The entities involved
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Dominican Republic
island sovereign state in the Caribbean Sea
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Raquel Peña
Dominican academic and politician
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