Grain South Africa, an industry body, will decide “soon” whether to seek an increase in the import tariff on wheat, General Manager Jannie de Villiers said today by phone from Pretoria.
South Korea will temporarily remove an import tariff on milling-wheat shipments from Jan. 1 to help “stabilize” local prices, the nation’s finance ministry said.
Japan’s ruling party wants to increase corporate participation in agriculture to boost the competitiveness of the nation’s farms as pressure increases to cut import tariffs.
China will cut the import tax on liquefied petroleum gas to 2 percent from 5 percent starting Jan. 1 to help offset rising purchase costs.
South America’s Mercosur trade bloc rejected an Argentine proposal to raise imports tariffs on all goods to protect local industries, Uruguay’s presidential website said.