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MANILA, Philippines – The Department of Agriculture is pushing for fairer rice trade deals with Vietnam to resolve long-standing concerns over the implementation of agricultural trade agreements.
In a statement, Agriculture Secretary Francisco Tiu Laurel Jr. said one of the country’s major concerns is that Vietnamese exporters usually rescind supply contracts when rice prices increase.
READ: Good until April 2027: PH secures rice supply from Vietnam
“The contract enforcement problem has prompted Philippine industry stakeholders and government agencies to negotiate with Vietnam through a more coordinated approach,” Tiu Laurel said.
