Updated:2024-12-19 14:06 Views:125
The Department of Agriculture (DA) is in the middle of negotiations with both Pakistan and India to provide a stable supply of 2 million metric tons (MT) of rice to the country annually.nuebe gaming
Agriculture Secretary Francisco Tiu Laurel Jr. said he had met with Pakistani Ambassador to the Philippines Imtiaz Kazi to finalize a memorandum of understanding.
This was the remark of Kristalina Georgieva, who has just started her second five-year term as managing director of the International Monetary Fund (IMF), on Thursday, before the IMF and the World Bank’s annual gathering of financial leaders in Washington next week.
Department of Environment and Natural Resources (DENR) Undersecretary for Integrated Sciences Carlos Primo David during a forum organized by the Chamber of Mines of the Philippines (COMP) said the DENR rolled out a digital application process in three regions of the country.
READ: Forecast: PH to hit record rice imports in ’25
Article continues after this advertisementUnder the proposed arrangement, Pakistan will export to the Philippines up to one million MT of rice annually, equivalent to about 25 percent of the latter’s rice import requirement.
FEATURED STORIES BUSINESS Philippines ranks 2nd in cryptocurrency ownership globally — study BUSINESS BIZ BUZZ: Naia e-gates rollout delayed BUSINESS BSP warns public against text hijackingThe DA is working on a similar accord with India.
“The intention is to create a level playing field among our rice-supplying nations,” Tiu Laurel said during a consultation meeting with rice traders at the Intercity Industrial Estate in Bulacan.
Article continues after this advertisement“We want them to compete for our market,” he added.
Article continues after this advertisementLast month, the Pakistani envoy expressed his country’s interest in forging a partnership with the Philippines on rice importation.
spincity casino Article continues after this advertisementIn particular, traders from Pakistan seek “stability and certainty” on the quantity of rice to be shipped to Manila, citing fluctuating tariffs levied by the government and competitive global prices.
“We want to increase that share, provided we can also provide the stable good supply of rice and that depends on mutual concessions for each other, which means that the Philippines should guarantee us that they want this much rice every year,” Kazi said.
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