India has overtaken Thailand as the biggest rice supplier to Singapore – the first time this is believed to have happened. Thailand has been the top source of the staple here since at least 1998, accounting for over half of overall supply between 1998 and 2011.

Last year, this fell to 35.3 per cent.New figures from the Government’s trade promotion arm, International Enterprise Singapore, show that India was the top rice supplier from January to August this year at 92,865 tonnes, or 32.9 per cent of the total.Thailand was second at 85,816 tonnes over the same period, or 30.4 per cent of the total.

Thailand has been Singapore's top source of rice since at least 1998
Thailand has been Singapore’s top source of rice since at least 1998

 

via India overtakes Thailand to be Singapore’s top rice supplier.

The Chinese Premier said that China will import one million tons of Thai rice within the next five years and that it would also import more rubber from Thailand. Thailand and China will boost bilateral trade to achieve the target of 100 billion US dollars by 2015.

He stated that Thailand is one of the favorite destinations for Chinese tourists. In the first five months of 2013, about two million Chinese visited Thailand. He also proposed visa exemption for holders of Thai passports to facilitate the travel of Thai people to China. Officials of both countries will later discuss visa exemption between the two countries. Thailand requested to open an office of consul-general in Qingdao, while China asked for the opening of its consulate in Phuket province.

About the author

Leave a Reply

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

China Sustains Huge Ecommerce Development Investment Flows into ASEAN

What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and followed by Indonesia, Malaysia, Thailand, and the Philippines. Collectively, these markets saw circa 30 investments n Q3, or about 15 percent of total Chinese outbound volume. 

Why Singapore is an Exciting Investment Destination for US Investors

More than 4,500 US companies are registered in Singapore, including Google, Apple, Microsoft, Procter & Gamble, and Pfizer, among others, making the US the largest foreign investor in Singapore

What Support is Available for Singapore Companies to Expand Overseas?

The DTDi provides a 200 percent tax deduction on qualifying market expansion and investment development expenses. This is subject to approval from Enterprise Singapore (ESG) or the Singapore Tourism Board (STB).