Thailand to foster tangible rice market cooperation within ASEAN

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BANGKOK Aug 14 – The Thai government is trying to foster active cooperation among rice producers within Association of Southeast Asian Nations (ASEAN) countries, said Yanyong Puangrach, Permanent Secretary for Commerce.

Initially, the marketing mechanism will be divided into three levels – ministerial, cooperative committee and rice trader federation levels, said Mr Yanyong.

The Department of Foreign Trade met twice with the rice miller federation and rice traders.

In the next meeting, relevant ministers of rice producer countries – Vietnam, Myanmar, Laos, Cambodia and Thailand — will be invited to meet to consider establishing a tangible cooperative mechanism in rice market operations.

Such cooperation will also pave the way for more cooperation in food security and energy among the ASEAN bloc and the Gulf Cooperation Council (GCC) in the future.

Thailand will cooperate with Cambodia to increase Cambodia’s efficiency in rice production.

The commerce ministry sent trade and investment representatives to negotiate with Cambodian businesspeople in Siem Reap, Battambang and Phnom Penh Aug 14-17 to boost exports and border trade in the sub region and to facilitate Thai investments in the neighbouring country.