Costa Rica: Authorities and Rice Producers Analyze Rice Subsidy
The parties created a working group to come up with a solution to the conflict generated by rice subsidies.
Monday, October 11, 2010
The problem arose by questioning submitted to the World Trade Organization (WTO) from 35 countries.
In Costa Rica, the current mechanism mainly benefits 30 large producers, who received $80 million in subsidies in 2011.
In the last 5 years the pricing system in force has transferred more than $390 million from the pockets of consumers to rice producers.
The Ministry of Economy signed a decree to reduce the price of rice to domestic producers.
The multimillion dollar figures which Costa Rica spends on protecting rice production has sparked controversy between critics of the system and producers.
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