China to increase Cambodian rice quota

[geovalin]

Chinese president Xi Jinping on Monday said his country’s import quota for Cambodian rice will be raised by 100,000 tonnes. In a meeting with Cambodian Prime Minister Hun Sen, Mr Xi agreed to increase the quota to 400,000 tonnes for 2019, up from last year’s 300,000 tonnes. The meeting between the two heads of state took place in Beijing on Monday as part of Mr Hun Sen’s official visit to China.

 

Chan Pich, general manager of Signatures of Asia, said this was great news for the local rice sector, explaining that the Chinese rice market has immense potential for Cambodian exporters.

“Now that the quota has been raised, we urge China to also consider allowing more Chinese companies to buy our rice,” he said. According to Mr Pich, only state-owned COFCO is currently allowed to bring Cambodian rice into the country.

 

“Having only one company importing makes it difficult for Cambodian exporters and creates really tough competition,” Mr Pich said. Last year Cambodia did not fulfill the quota for the Chinese market, shipping only 170,000 tonnes of the 300,000 allowed. Mr Pich said this is because only 26 local firms have Beijing’s approval to export rice to China.

 

read more https://www.khmertimeskh.com/50571328/china-to-increase-cambodian-rice-quota/

 

[Ulic]

Closer and ever closer to China. The EU and the rest of the civilized world need to cut Cambodia loose in regards to special trading status. Just too corrupt for the West to try and help.

[Redline]

I wonder how many millions of garments the Chinese will buy when the West stops buying them?  It looks like the Chinese will be buying a serious amount more goods from the USA as well.  The only reason the West hasn't shut down Cambodia is because they know the Cambodian people have been through the wringer, and it was part and parcel through their actions.