Singapore, Thailand ink pacts on rice trade, healthcare during Anutin’s visit
Singapore and Thailand have signed a rice trade cooperation pact, ensuring Singapore access to Thai rice supplies on mutually agreed terms. The agreement promotes open and stable trade, avoiding export restrictions. Thailand may supply up to 100,000 tonnes of rice at global prices. This follows Singapore’s similar rice agreement with Vietnam last week.
[SINGAPORE] Singapore and Thailand on Friday (Nov 7) pledged deeper cooperation on rice trade and healthcare leadership during Thai Prime Minister Anutin Charnvirakul’s official visit to Singapore.
Under the memorandum of cooperation on rice trade, Thailand is to support and facilitate the assured sale of rice on mutually agreed terms, upon request by the Singapore government, said the Republic’s Ministry of Sustainability and the Environment.
The deal reiterates both countries’ commitment to open, transparent and mutually beneficial trade in rice, and aims to expand this trade by avoiding unnecessary restrictive measures, noted the ministry’s factsheet.
This is Singapore’s second rice trade pact with a trading partner, following last week’s memorandum of cooperation with Vietnam signed at the Asia-Pacific Economic Cooperation (Apec) Economic Leaders’ Week in South Korea.
Under that deal, Vietnam will support the “unimpeded export of a mutually agreed quantity” of rice to Singapore.
A statement on the Thai government’s website announced that the kingdom will sell up to 100,000 tonnes of rice to Singapore at prevailing international market prices.
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Source : The Business Times
