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S.Korea slashes import tariffs on corn, soymeal
28.02.2011 10:40 "Agro Perspectiva" (Kyiv) —
South Korea, heavily dependent
on commodities imports and grappling with its worst footand-
mouth outbreak, unveiled on Monday cuts to import
tariffs on corn, soymeal and 32 other items to ensure supply
and curb inflation. The cuts are part of measures taking effect in early March
that include previous decisions to expand tariff-free imports
of pork, powdered milk, cheese and butter, the finance
ministry said in a statement.
«The import tariff reductions are expected to ease concerns
about supply and inflation sparked by outbreaks of footand-
mouth disease and price rallies of global resources,»
the ministry statement said.
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