Updated April 5, 2013
MANILA, Philippines (Xinhua)
- The Philippines and Cambodia have recently signed an agreement on
rice trade to promote their mutual economic exchange, the Department of
Foreign Affairs (DFA) said here today.
The Memorandum of Agreement (MOA) between the Government of the
Republic of the Philippines and the Royal Government of the Kingdom of
Cambodia on Rice Trade was signed on Thursday by Philippine Ambassador
to Cambodia Noe Wong and Cambodian Senior Minister and Minister of
Commerce Cham Prasidh, the department said in a statement.
"The MOA opens the way for the (Philippine) National Food Authority
to import rice from Cambodia for the next two years through Green Trade
(a Cambodian public enterprise)," it said.
Quoting Cham Prasidh, the DFA said that the agreement would help
encourage broader trade between the two Southeast Asia countries.
The Philippines is currently the key importer of rice in the world,
and the government expected the country to be self- sufficient in rice
in the near future.
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