Friday, September 15, 2006

It is Tarriff Plus Subsidies in the Land of Rising Sun


In previous post I wondered how do the japanese subsidize their farmers?
According to the WTO:Read the Article
The average Japanese tariff rate on agricultural imports is 20.1%, and the effective tariff rate on rice imports is the equivalent of 406%

Japanese farmers' output equals 1.1% of the gross domestic product (GDP) of roughly 500 trillion yen a year but the amount of farm subsidies paid by the Japanese government is equivalent to an even larger 1.4% of GDP.

I have lived in the Japanese countryside and I understand the inefficiencies of this system. But I am forgiving of this inefficiency. Look at my August 21 posting!

No comments:

Post a Comment