The Nation/Asia News Network
By ACHARA PONGVUTITHAM, PETCHANET PRATRUANGKRAI
Major Asean rice-producers Thailand, Vietnam, Laos, Cambodia and Burma plan to form an association to create a sustainable system for trading and production.
The plan was unveiled yesterday 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 plan talks with Cambodia and Burma during the Asean Economic Ministers Meeting, which ends today.
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