House Ways and Means Committee Chair Jason Smith, R.-Mo., is asking the International Trade Commission to investigate and prepare within the next 13 months a report on the global competitiveness of the U.S. rice industry, which would update a 2015 ITC report on that subject.
The Missouri lawmaker believes the report should contain updates to the 2015 report where significant changes have been observed during the 2018-2023 period, including:
- information on recent developments in the rice industries in the U.S. and other major global producing and exporting countries, such as Bangladesh, Brazil, China, India, Indonesia, Pakistan, Paraguay, Thailand, Uruguay, and Vietnam;
- information on recent trade trends and developments in the global market for rice, including U.S. and major foreign supplier imports and exports;
- a comparison of the competitive strengths and weaknesses of rice production in and exports from the U.S. and other major exporting countries, focusing on factors affecting delivered cost, product differentiation, and reliability of supply, as well as government policies and programs that directly or indirectly affect rice production and exporting in these countries;
- a qualitative and, to the extent possible, quantitative assessment of the impact of government policies and programs – including public stockholding programs and export restrictions – of major producing and exporting countries on U.S. rice production, producer revenues and profits, consumption, trade, and prices, as well as on food security in developing countries; and
- an overview of the impact on the U.S. rice industry of rice exports from the previously mentioned countries to the U.S. and to traditional U.S. export markets.
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