IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Production subsidy

On 21 April 2014, the Ministry for Agriculture adopted DM/No. 023/2014 which introduces a subsidy of Bs. 4.70per kg (USD 0.75per kg, as of 4 May 2014) on the rice between 1 January 2014 to 30 July 2014. Compared to the last subsidy on rice, this one represents an increase of USD 0.41per kg (see 'Related Measures'). This subsidy to domestic producers disadvantages foreign rice suppliers that are or seek to supply customers in Venezuela.
 
The measure has a retroactive effect, i.e. it took effect on 1 January 2014.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1006 Rice.
100610 Rice in the husk (paddy or rough)
231 Grain mill products
1006 Rice.
100630 Semimilled or wholly milled rice, whether or not polished or glazed

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