ASEAN to foster food exports to GCC

ASEAN nations in an initiative led by Thailand are aiming to intensify joint efforts in rice production to pave the way for more cooperation in food security with Gulf Cooperation Council countries.

According to Yanyong Puangrach, Thailand’s Permanent Secretary for Commerce, a tangible cooperative mechanism in rice market operations will be established that includes rice millers and rice traders from the bloc’s rice producing countries Vietnam, Myanmar, Laos, Cambodia and Thailand.

Thailand, currently the leading rice producer in the ASEAN bloc, will cooperate with neighbouring countries to increase their efficiency in rice production and explore investments in the sector, starting with Cambodia, the commerce secretary said.

In 2010, Thailand has already signed an agreement with Bahrain to set up a food security stockpile center for the GCC, and another agreement during Prime Minister Yingluck Shinawatra’s visit to Bahrain in May 2012 on cooperation in food security, trade and investment in agricultural products and commodities, in particular halal food.

The initiatives are aimed at ensuring the food supply chain to the entire GCC region by using Bahrain as a gateway to reach other countries, especially Saudi Arabia and the UAE.

The UAE in particular is interested in boosting trade and investment with Thailand by forming more joint ventures in high-potential sectors such as food, spas and medical tourism, while urging the Thai side to further open its contract-farming sector to foreign investment.

During a separate visit to the UAE  in May 2012, Thailand’s commerce minister Boonsong Teriyaphirom met with UAE foreign trade minister Sheikha Lubna Al Qasimi, to discuss these topics.

Boonsong also met with UAE economy minister Sultan Bin Saeed Al Mansouri to discuss forming a region-to-region forum for cooperating on food security between the GCC and ASEAN.These steps are mainly aimed at reducing the trade deficit of ASEAN countries with the GCC, as the region’s imports from the Gulf focus heavily on crude oil.

 



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ASEAN nations in an initiative led by Thailand are aiming to intensify joint efforts in rice production to pave the way for more cooperation in food security with Gulf Cooperation Council countries. According to Yanyong Puangrach, Thailand's Permanent Secretary for Commerce, a tangible cooperative mechanism in rice market operations will be established that includes rice millers and rice traders from the bloc's rice producing countries Vietnam, Myanmar, Laos, Cambodia and Thailand. Thailand, currently the leading rice producer in the ASEAN bloc, will cooperate with neighbouring countries to increase their efficiency in rice production and explore investments in the sector, starting...

ASEAN nations in an initiative led by Thailand are aiming to intensify joint efforts in rice production to pave the way for more cooperation in food security with Gulf Cooperation Council countries.

According to Yanyong Puangrach, Thailand’s Permanent Secretary for Commerce, a tangible cooperative mechanism in rice market operations will be established that includes rice millers and rice traders from the bloc’s rice producing countries Vietnam, Myanmar, Laos, Cambodia and Thailand.

Thailand, currently the leading rice producer in the ASEAN bloc, will cooperate with neighbouring countries to increase their efficiency in rice production and explore investments in the sector, starting with Cambodia, the commerce secretary said.

In 2010, Thailand has already signed an agreement with Bahrain to set up a food security stockpile center for the GCC, and another agreement during Prime Minister Yingluck Shinawatra’s visit to Bahrain in May 2012 on cooperation in food security, trade and investment in agricultural products and commodities, in particular halal food.

The initiatives are aimed at ensuring the food supply chain to the entire GCC region by using Bahrain as a gateway to reach other countries, especially Saudi Arabia and the UAE.

The UAE in particular is interested in boosting trade and investment with Thailand by forming more joint ventures in high-potential sectors such as food, spas and medical tourism, while urging the Thai side to further open its contract-farming sector to foreign investment.

During a separate visit to the UAE  in May 2012, Thailand’s commerce minister Boonsong Teriyaphirom met with UAE foreign trade minister Sheikha Lubna Al Qasimi, to discuss these topics.

Boonsong also met with UAE economy minister Sultan Bin Saeed Al Mansouri to discuss forming a region-to-region forum for cooperating on food security between the GCC and ASEAN.These steps are mainly aimed at reducing the trade deficit of ASEAN countries with the GCC, as the region’s imports from the Gulf focus heavily on crude oil.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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