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Decree-Law No. 76/2023 on Temporary Intervention to Stabilize the Price of Rice on the Market.

Country/Territory
Timor-Leste
Document type
Regulation
Date
2023
Source
FAO, FAOLEX
Original source
Jornal da República, I Série, No. 36 A, 29 September 2023.
Subject
Food & nutrition, General
Keyword
Social protection Public health Legal proceedings/administrative proceedings Food security Internal trade
Geographical area
Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia
Entry into force notes
This Decree-Law enters into force on the day after its publication.
Abstract

This Decree-Law establishes a Temporary Intervention to Stabilize the Price of Rice on the Market, through the granting of a monetary subsidy to importing companies. This Decree-Law also determines the constitution of an additional safety stock of rice of 30,000 tons, to be kept in the warehouses of the National Logistics Center (CLN), intended for social intervention in emergency situations, namely floods, natural disasters, health reasons, social solidarity, for supply to wholesale companies in case of need. The granting of the monetary subsidy referred in applies to imported rice. The period of validity of the measure provided for is 180 days after its entry into force. The objectives of this implementing measure are: Contribute to meeting the population’s food needs at a more affordable price; Compensate importing companies for import costs, etc.

Full text
Portuguese
Website
www.legis-palop.org