Junta approves rice trade agreement with Philippines
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The junta has approved the signing of a rice trade agreement between Thailand and Philippines while putting the Commerce Ministry in charge of the deal.
The National Council for Peace and Order (NCPO) has given full authority to the Commerce Ministry to strike a governmenttogovernment (G2G) contract with Philippines on rice sales.
An authorisation document is to be issued by Foreign Ministry for the Commerce Minister or his representative to take part in the signing.
The content of the draft agreement is reportedly similar to that of the previous one, except for the expiration date, which has been extended to December 31, 2016.
Under the contract, Thai officials will be able to seek direct negotiations with the Philippines government as well as engage in reverse auctions.
