Philippines lifts restriction on rice imports from Thailand

PHOTO: VietnamPlus
The Philippines has suspended a trial measure put in place to regulate imports of Thai rice following objections from Bangkok. The measure was initially put in place after the Philippine Department of Agriculture deemed current laws too lax.
Rice imports had been underneath the control of the country’s National Food Authority until the federal government took over and tried to impose harder restrictions.
The Nation stories that Keerati Rushchano, an inspector-general at the Commerce Ministry and Acting Director-General of the Department of Foreign Trade, says officers attended a meeting within the Philippines on October 24 with the goal of establishing a regional “economic improvement cluster”.
At the meeting, it was agreed that off-setting a drop in the value of rice with import restrictions would elevate home inflation. Instead, the Philippines has agreed on subsidies for its farmers.
Instant reviews that within the first 9 months of 2019, Thailand exported 543,344 tonnes of rice to the Philippines, a lower of sixty one.65% 12 months on yr..

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