The governments of Indonesia and Myanmar will sign a memorandum of understanding next month on continued rice exports, but the two commerce ministers then face an unresolved issue over payment for a previous shipment that failed to comply with Indonesian regulations.
Commerce Minister U Than Myint will travel to Indonesia on September 13 for an MoU signing ceremony, after which he and his Indonesian counterpart will discuss the terms of a new export agreement, the ministry has confirmed.
The new contract for rice exports will involve private sector exporters and buyers, thus officials from the Myanmar Rice Federation (MRF) and MAPCO will be involved in discussion about exactly how much rice Myanmar will export and at what price.
The original government-to-government agreement with Indonesia was signed by Myanmar’s previous government in April 2013. But Indonesia only approached Myanmar for rice imports in 2015. (Courtesy of bangkokpost.com)
No comments:
Post a Comment