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Agriculture chief Laurel: Working draft on PH-Vietnam rice deal ‘almost done’

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Agriculture Secretary Francisco Tiu Laurel Jr. said Tuesday that there is already a working draft for the rice trade agreement with Vietnam, which will help ensure the rice supply in the Philippines.

At a Palace press briefing, Laurel was asked for an update on the rice trade agreement between the Philippines and Vietnam. 

”From what I understand, there is no real agreement in that Indonesian meeting but there was… no agreement signed meaning… but there was an agreement to draft the MOA or MOU and we were given instructions, when we were in the ASEAN meeting in Japan, by the President to draft, finalize the MOA with Vietnam,” the Agriculture chief said.

”So that pagdating ng trip this coming end of January, state visit to Vietnam, mapirmahan na and we have the working draft na, almost done na (So it can be signed during the state visit to Vietnam this coming end of January. We have a working, it is almost done),” Laurel added, mentioning the President’s state visit to Vietnam by the end of the month. 

He said the deal would guarantee that Vietnam would supply rice to the Philippines even during times of calamities. 

During President Ferdinand ”Bongbong” Marcos Jr.’s attendance in the ASEAN Summit in Jakarta, Indonesia, the Philippines and Vietnam agreed to finalize a rice trade agreement that will take effect for five years.

Vietnamese Prime Minister Pham Minh Chinh said that the two countries would conclude ”an inter-government agreement on rice trade so that our rice export to the Philippines will ensure food security in the Philippines.”

“We look forward to having a stable framework of cooperation on rice trade for a long period of at least five years,” Pham had said.—AOL, GMA Integrated News

Read more, click here: GMA News

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