Cambodia, Timor-Leste Mull over Rice Export Deal

Cambodia’s rice export is set to reach Timor-Leste as the governments of the two nations are working closely on the rice export deal.

Cambodia has prepared 30,000 tonnes of milled rice as its first shipment to Timor-Leste, said H.E. Pan Sorasak, Minister of Commerce.

The information was shared in a meeting with Ambassador to Timor-Leste to Cambodia H.E. Ermenegildo “Kupa” Lopes held here on June 9.

H.E. Minister also called on entrepreneurs from Timor-Leste to invest in the installation of warehouses, rice-drying and storage facilities in Cambodia for exporting rice to Timor-Leste.

H.E. Pan Sorasak also reviewed the memorandum of understanding (MoU) previously signed and requested the Timor-Leste side to accelerate the implementation of the signed MoU to bear fruit for the two nations.

In the first quarter of this year, Cambodia exported a total of 230,948 tonnes of rice worth about US$160 million to foreign markets, a 35 percent increase compared to the same period last year.

 

Source: Agency Kampuchea Press