The first shipment of Cambodian milled rice to Bangladesh under a new export agreement recently signed by both nations will take longer than originally expected, as discussions among industry stakeholders on certain technical aspects of the MoU have yet to reach an end.
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Hun Lak, the vice-president of the Cambodia Rice Federation (CRF), said they continue to work to ready the industry for trade with the South Asian nation, but some questions regarding technicalities of the agreement remain unanswered and require further discussion among the CRF and other industry associations.
“Some things still need to be discussed regarding the technical framework, so it will take time,” said Mr Lak, who declined to go into more detail about negotiations with Bangladesh.
In August, Cambodia and Bangladesh signed an MoU by which the South Asian nation agreed to buy one million tonnes of Cambodian milled rice during the next five years, starting in 2017.
A total of 250,000 tonnes will be shipped each year – 200,000 tonnes of white rice and 50,000 tonnes of parboiled rice.
Commerce Minister Pan Sorasak, who said the agreement with Bangladesh signals a new era in trade relations between the two countries, stated in August that Bangladesh will purchase 250,000 tonnes of Cambodian milled rice in October.