China signs 100,000-tonne rice import agreement

13 August 2014

The Chinese government-run China National Cereals, Oils and Foodstuffs Corporation (COFCO) will today formally agree to import 100,000 tons of rice from Cambodia.

Representatives from COFCO and Green Trade Co, a Cambodian government-owned agriculture firm, today met in Beijing to sign the agreement, which takes effect this month and is valid for one year. “Cambodia and China have long been trade partners and the fact that Cambodia is a reliable supplier has built trust for this deal.” But trust between the two nations might not be the only reason for today’s deal.

China imported over 66% of its total rice imports from Vietnam in 2013, while only 1% came from Cambodia. Government data show that China imported 7,700 tons of Cambodian milled rice in the first six months.

Source:

http://www.phnompenhpost.com/business/gov%E2%80%99t-seeks-greener-tourism-industry