Thai Commerce Min to establish institution for rice commercialization

[webfact]

Min of Commerce to establish institution for rice commercialization



BANGKOK, 14 June 2016 (NNT) - The private sector has expressed support for the Ministry of Commerce to establish an institution for the commercialization of rice.

Permanent Secretary for Commerce Chutima Bunyapraphasara revealed after discussing with rice research centers and private companies that they believe such an institution would be beneficial to the country. They believe a rice commercialization establishment would raise the value of rice and rice-related products from Thailand. Ms. Chutima also disclosed that the institution will also play a role in determining non-tariff barriers for certain imports.

Next month, the Ministry of Commerce will submit a proposal to establish the institution to the National Rice Policy and Management Committee (NRPMC) for consideration. Ms. Chutima said she will assure the NRPMC that the role of the institution will not be redundant with other rice and trade organizations.

As for the government-to-government deal (G2G) between Thailand and China, The Commerce Permanent Secretary said Thailand is expected to export around one million tons of rice in mid-2016 to the Asian superpower.

Exports of the remaining one million tons of rice under the G2G deal will be tabled for consideration during a meeting on the Thai-Chinese high-speed train project, which will be held in the near future.

-- NNT 2016-06-14

[WhizBang]

They believe a rice commercialization establishment would raise the value of rice and rice-related products from Thailand. Ms. Chutima also disclosed that the institution will also play a role in determining non-tariff barriers for certain imports.

Not sure how such an 'institution' would raise the value of rice and related products, especially on an item not unique to Thailand. The second part about 'determining non-tariff barriers for certain imports' sounds like protectionism.

[mtls2005]

2-legged G2G rice deals bad.

4-legged G2G rice deals good.

I'm starting to get the hang of this now. It is simple once you understand the "rules".

AS for the commercialization of rice, I honestly would have thought there were at least a dozen or so private and government bodies already working on such a thing, but who knew.

Edited June 14, 2016 by mtls2005

[phoenixdoglover]

There must be room in the pie for more fingers.

Sent from my HTC One_M8 Eye using Tapatalk

[dhream]

Rice and govt agency get to mix again! What could possibly go wrong?

How about letting the market just get on with It?