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On July 6, the Government of Costa Rica published a draft executive decree that would dramatically reduce tariffs on imported milled and rough rice. The vast majority of U.S. rice exported to Costa Rica in 2021 (valued at $25 million) entered under a duty free quota for rough rice established by the Dominican Republic-Central America Free Trade Agreement.
The coronavirus pandemic (COVID-19) has shaken the Costa Rican economy, and there is great uncertainty over about how quickly it will recover.