More Rice Bound for China

[geovalin]

China plans to increase its rice import quota from Cambodia next year as the Kingdom braces for possible cutbacks by the European Union (EU) to limit milled rice imports from least developed countries (LDCs). Minister of Commerce Pan Sorasak said yesterday that his Chinese counterpart Gao Hucheng agreed at a bilateral trade meeting to increase China’s import of milled rice from Cambodia and to review the import quotas every year.
 

“We have asked China to increase its import quota of milled rice from Cambodia, and now they [China] agreed to what we requested,” said Mr. Sorasak. “China will import another 200,000 metric tons of milled rice in 2017 on top of their current rice imports from Cambodia. Both sides agreed to review the outcomes of this bilateral trade cooperation every year,” he added.
 

China’s commerce minister Mr. Gao is currently on an official visit to Cambodia to discuss roads, railways, airport construction, agriculture and other projects with senior government officials. Cambodia’s request to China comes just after last month’s visit by delegations from the Brussels-based European Commission’s Directorate-General for Agriculture and Rural Development and the Directorate-General for Trade. Both delegations advised Cambodia’s rice industry to seek other markets and not just concentrate its exports to Europe, as the country moves from a low-income country in its LDC status to a lower-middle income nation.

 

read more http://www.khmertimeskh.com/news/27961/more-rice-bound-for-china/