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South Korea proposes 513% tariff on foreign rice

Rice is spread on the ground as South Korean farmers and protestors scuffle with police during a rally against the goverment's decision to open the country's rice market, outside the government complex in Seoul, on July 18, 2014Seoul (AFP) – After announcing it would scrap rice import caps from next year, the South Korean government proposed on Thursday an initial 513-percent tariff to soften the impact on a crucial domestic market.

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