Imported 25 million eggs… Corn emergency quota tariff 0% by the end of the year (total)

“Limited possibility of exceeding 2% of consumer prices this year… Stable management of utility bills”

(Sejong = Yonhap News) Reporter Park Yong-joo Chae-yeon Cha = The government decided to import more than 25 million eggs this month in order to stabilize the common people’s prices.

The urgent quota tariff on some imported grains such as edible corn will be applied at 0% by the end of the year.

On the 7th, the government held a meeting of the Emergency Economy Central Countermeasure Headquarters and a meeting of ministers related to the New Deal for the Korean version, presided over by Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance, at the government building in Seoul, and made this announcement.

Deputy Prime Minister Hong said, “The possibility that the increase rate of consumer inflation will exceed 2% this year is quite limited, but in preparation for the possibility that the rise in the second quarter will temporarily expand due to base effects, etc., we will take preemptive measures by actively utilizing safety measures for each major item and field.” .

In this regard, the government decided to import more than 25 million eggs this month.

Deputy Prime Minister Hong announced that he would import 15 million units at the meeting, but in the course of the meeting, he raised the import target to ’25 million units + alpha (α)’.

The government is encouraging the early shipment of onions and leeks, which have recently risen in prices, and decided to flexibly release 3,000 tons of Chinese cabbage that has been damaged by cold waves.

For some imported grains, such as edible corn, the urgent quota tariff of 0% will be applied for a limited time by the end of this year.

Subsequently, for rapid clearance of international grains, the import procedure was improved, such as permitting onboard sample collection, and a plan to discharge nonferrous metal stocks at a discount of 1 to 3% was decided.

During the second quarter, it was decided to manage utility bills such as gas bills as stably as possible. Monitoring of local utility bills will be reinforced, and if an increase is inevitable, a step-by-step increase or the timing of the increase will be dispersed.

To support the food service industry, the loan interest rate for purchases of food raw materials will be cut from 2.5% to 2.0%. Road and river occupancy fees for small business owners, etc., are also temporarily reduced by 25%.

In a briefing on the day, the first vice minister of the Ministry of Science and Technology Lee Won Lee said, “We focus our policy on stabilizing the prices of agricultural and livestock products, which played a major role in the recent increase in inflation, and strengthened responses to international raw material price risks, resulting in an excessive inflationary increase in expected inflation. I will try not to continue.”

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2021/04/07 14:32 sent