Thailand will sign a government-to-government (G-to-G) deal with China on the selling of two million tons of rice and 200,000 tons of rubber.
Minister of Commerce Gen. Chatchai Sarikallaya has expressed his hope that the two countries will be able to sign the deal on December. He said China, during the meeting between leaders of Thailand and China in APEC meeting in Beijing which was concluded several day ago, expressed interest in buying rice and rubber from Thailand when asked by the Thai leader.
The purchased rice and rubber would be delivered between 2015 and 2016, said Gen. Chatchai, adding that China’s COSCO Holdings would handle shipping procedures to guarantee the transparency of the project.
Moreover, , representatives from China’s state enterprises will visit Thailand on November 19 to discuss investment in the Thai rubber industry, which is part of the master plan to help shore up sagging rubber prices in the long run.