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South Korea to open up rice market

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  • Writer: dpa
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SEOUL - Seoul announced an end to imported rice quotas Friday, as it planned a move to open up its domestic market to rice grown abroad, and impose import tariffs on the foreign produce. 

"We concluded that opening our rice market under tariff is inevitable and the best option for the future of (the country's) rice industry," said Agriculture Minister Lee Dong Pil.

The switch would come into effect on Jan 1, replacing a quota system that had been in place for 20 years.

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