Friday, September 25, 2009

Asean states eye rice cartel

25-09-2009
The Nation

Major Asean rice-producers Thailand, Viet Nam, Laos, Cambodia and Myanmar plan to form an association to create a sustainable system for trading and production.
The plan was unveiled in August following Cambodian leader Hun Sen’s initiative at the Asean Summit in Cha-am in late February. It focuses on price stabilisation, food security in the region and rice development. It aims for price stability next year.
It comprises the five countries of the Ayeyawady-Chao Praya-Mekong Economic Cooperation Strategy (Acmecs) and will set up an Acmecs Rice Traders Association.
Thailand, Laos and Cambodia have agreed in principle and planned talks with Cambodia and Burma in last month's Asean Economic Ministers Meeting.

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