Thailand and Cambodia have recently held a workshop on the creation of ASEAN rice market and trading cooperation mechanism. Both nations agreed to set up a trading zone at the Thai-Cambodian border.
Thailand and Cambodia have recently held a workshop on the creationof ASEAN rice market and trading cooperation mechanism. Both nationsagreed to set up a trading zone at the Thai-Cambodian border.
According to Permanent Secretary for Commerce Yanyong Puangrach, theThai-Cambodian meeting covered discussions on the establishment of aThai-Cambodian trading zone. Thailand will also import Cambodianpaddy to be milled for export, which will increase the rice value.
Yanyong said all the rice will be graded to prevent imported rice beingmixed with the Thai rice. He added that the government will graduallyrelease the rice stock lot by lot to avoid price drop.
Inaddition, the Permanent Secretary for Commerce stated both countriesalso discussed preparation to set up an ASEAN federation of rice traderscomprising five member nations including Thailand, Cambodia, Laos,Myanmar, and Vietnam. The issue will be forwarded to the ASEANMinisterial Meeting, to be held during September and October.-VNA
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