Myanmar signed a government-to-government (G-to-G) rice export bilateral Agreement with Sri Lanka on 7 January. 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.
During the event, the Union Minister Dr. Pwint San said:
· The G-to-G agreement is signed as an initial step 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.
· Myanmar always welcomes further cooperation works to develop the economy of the two country.
Then, the Minister for Trade of Sri Lanka talked about the following points:
· The establishment of diplomatic relations with Myanmar began in 1949.
· He expressed words of thanks for exporting rice which is primary food for Sri Lanka under the G-to-G system.
· He also pleaded to improve the bilateral trade and investment between the two countries.
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.
- A government-to-government (G-to-G) rice export bilateral Agreement between Myanmar and Sri Lanka was signed by relevant officials 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.
- The G-to-G agreement is signed as an initial step to export other products including rice of the farming sector in order to promote bilateral trade.