Thailand 'secures' rice deal with the Philippines

[bangon04]

I wonder how much they had to pay the Filipinos to take the rotting rice of their hands....

Has anyone actually asked / told the Filipinos about this great deal they have done?

[bangon04]

A Memorandum of Understanding ( MOU ) means nothing. It is only the first step to a negotiated contract. Nothing is fixed until the rice is inspected by the buyer and accepted. The rice will again be inspected again at point of receipt to ensure the product received is the same as the product purchased. This is done to ensure there has not been any tampering with the cargo. You ordered new rice and received old contaminated rice. This happens in some parts of the world.

Hope you are not implying that the Thai government would be less than absolutely scrupulous in dealings with their inferior ASEAN partners.

[ryan handsome]

Selling rice to the eskimos!

So you think we Filipinos are Eskimos?

[Anon999]

" and this is the document ' said Neville Chamberlin as he waved a worthless peace treaty signed with Hitler.

So what's the MOU worth, if it actually exists, and will the Minister of Commerce make it public ? Two chances of that I think, nothing and f...k all.

Anyway the farmers can sleep a little easier as they will be paid ' soon '. Anyone care to speculate on the PTP definition of ' soon ' ?

An MOU is often used to reduce the pressure on a company, business or government to avoid committing to an order. It often means that, we're looking at other more attractive ways of solving our needs (problems), therefore don't count on us for an order! For a government or business that has big problems it sounds good and may be used to placate those applying pressure or influence investors.

[attrayant]

Don't forget to rotate your stock, Thailand!

[Thai at Heart]

Don't forget to rotate your stock, Thailand!

They could start tomorrow, and the whole lot might get rotated by 2020.

[NeverSure]

What? A MOU is very valuable. It and 50 baht will buy you a cup of coffee.