Bangladesh considers proposal for 300,000 tonnes of Myanmar rice

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A farmer drives a harvester as he harvest rice in field. Photo: Phoe Khwar

Bangladesh and Myanmar are exploring a trade deal involving 300,000 tonnes of Myanmar rice, according to a report in yesterday’s edition of the Myanma Alin Daily newspaper.
A delegation led by Bangladesh’s Ambassador to Myanmar visited the Union Minister for Commerce to discuss the rice deal, which would be carried out under the auspices of a previous agreement at the November 2016 Bangladesh-Myanmar Joint Trade Commission meeting.
Representatives from the two nations also discussed a proposal to reduce tariffs on Myanmar exports and to enter into a preferential trade agreement as defined by the World Trade Organisation, said U Khin Maung Lwin, an assistant secretary in the Commerce Ministry.
Trade representatives also stressed the importance of private agricultural trade between the two nations over land and sea. Myanmar and Bangladesh sea and land port facilities at Maungtaw and Sittway were also discussed. The nations will hold a follow up meeting of the Bangladesh-Myanmar Joint Trade Commission in Nay Pyi Taw in November 2017. —Zar Lin Thu (AMIA)

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