Ways and Means Committee Asks ITC for Investigation into Global Rice Market

The House Committee on Ways and Means asked the U.S. International Trade Commission on May 15 to conduct an investigation into current market conditions the U.S. rice industry faces globally. The committee is requesting an overview of both the U.S. rice industry and industries in other major global producing countries such as China, India, Indonesia, Thailand, Vietnam, Uruguay, and Brazil. Committee Chairman Dave Camp, R-Mich., asked for the results of the general fact finding investigation by April 2015. The U.S. has contested Turkish (here) and Belgian (here) import restrictions on U.S. rice exports in recent years.