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- UNECE and IATA Strengthen Cooperation for Trade Facilitation Implementation
- Australia, Singapore strengthen cooperation on trade, defence
The 2nd ASEAN Rice Trade Forum was convened by theASEAN Food Security Reserve Board (AFSRB) in coordination with the ASEANSecretariat and the Asian Development Bank (ADB).
Ngin Chhay, current chair of the AFSRB and director of the Department ofRice Crops of the Ministry of Agriculture, Forestry and Fisheries inCambodia said the forum served as a platform to promote coherent andcoordinated policies and investments affecting the regional rice marketto advance food security in Southeast Asia .
Such thintrading makes the rice market susceptible to extreme pricefluctuations, which was experienced during spiraling rice prices in2007–2008, noted Lourdes Adriano, ADB lead agriculture specialist.
She thus stressed that the forum identified policy options tostrengthen regional cooperation and supply chain investments for thesustained development of rice trade and food security. It also ensuredbetter coordination of food policies by all ASEAN Member States throughthe timely exchange of accurate information and analysis of the ricemarket.
The AFSRB was created in 1979 to coordinate theASEAN Food Security Reserve which stockpiles rice to secure the foodneeds of member states.
While the task of administering theemergency rice reserve was transferred in 2011 to the ASEAN Plus ThreeEmergency Rice Reserve Council, the AFSRB has continued to coordinatethe exchange of information on food and evaluate the food situation inASEAN.
The AFSRB is composed of a representative fromthe agriculture, commerce or trade agency of each of the 10 ASEAN MemberStates— Brunei , Cambodia , Indonesia , Laos , Malaysia , Myanmar ,the Philippines , Singapore , Thailand , and Vietnam.-VNA