Thursday, August 15, 2013

Vietnam to sell rice to African Comoros

Vietnam will sell 60,000 tons of rice each year to the African Comoros, with the first shipment to be delivered this month and the final shipment in December 2015, reported local Vietnam News on Wednesday.

The report quoted sources from the memorandum of understanding (MoU) recently signed between the two countries, adding that the MoU will provide a legal foundation for direct rice trading between Vietnam and Comoros, in a move that will strengthen trade ties between the two countries.

According to the Vietnamese Ministry of Industry and Trade, besides rice, Vietnam will export garments, construction materials, automobile parts, and agricultural machinery to this market.

Comoros imports around 70,000-80,000 tons of rice every year.

In the first seven months of this year, Vietnam exported over 4. 2 million tons of rice, earning over 1.88 billion U.S. dollars, according to the Vietnamese Ministry of Agriculture and Rural Development. -Philippines News Agency

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