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Asean

Thailand seeks more cooperation within ASEAN in rice market

The Thai government is trying to foster active cooperation among rice producers within Association of Southeast Asian Nations (ASEAN) countries, said Yanyong Puangrach, Permanent Secretary for Commerce.

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The Thai government is trying to foster active cooperation among rice producers within Association of Southeast Asian Nations (ASEAN) countries, said Yanyong Puangrach, Permanent Secretary for Commerce.

Initially, the marketing mechanism will be divided into three levels – ministerial, cooperative committee and rice trader federation levels, said Mr Yanyong.

Thailand will cooperate with Cambodia to increase Cambodia’s efficiency in rice production. Picture: adb.org

The Department of Foreign Trade met twice with the rice miller federation and rice traders.

In the next meeting, relevant ministers of rice producer countries – Vietnam, Myanmar, Laos, Cambodia and Thailand — will be invited to meet to consider establishing a tangible cooperative mechanism in rice market operations.

Such cooperation will also pave the way for more cooperation in food security and energy among the ASEAN bloc and the Gulf Cooperation Council (GCC) in the future.

 

via Thailand to foster tangible rice market cooperation within ASEAN.

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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