daily11-sept18-2019-akk01

Myanmar inks G-to-G agreement to export rice to Sri Lanka

MYANMAR signed a government-to-government (G-to-G) rice export bilateral Agreement with Sri Lanka
yesterday. The virtual signing ceremony was attended by Union Minister for Commerce Dr Pwint San, Minister for Trade of Sri Lanka Dr Bandula Gunawardhana, and other officials concerned.

First, the Union Minister said the G-to-G agreement is signed as an initial activity to export other products including rice of the farming sector in order to promote bilateral trade. The country also invites investments in the tourism industry that make profits for two countries and welcomes further cooperation works to develop the economy.

Then, the Minister for Trade of Sri Lanka talked about the establishment of diplomatic relations with Myanmar in 1949, expressed words of thanks for exporting rice under the G-to-G system and also pleaded to improve the bilateral trade and investment. According to the G-to-G agreement, Myanmar Rice Federation and Sri Lanka State Trading (General) Corporation will supervise the rice trade, and Myanmar will have to export 100,000 tonnes of white rice and 50,000 tonnes of parboiled rice to Sri Lanka in 2022 and 2023.

Source: The Global New Light of Myanmar

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