Thailand pins hope on higher rice exports to Italy

Thai Deputy Prime Minister and Minister of Commerce Phumtham Wechayachai has believed that the country can export more jasmine rice to Italy, as India has restricted its exports and two other exporters have been deprived of their tax privileges by the European Union (EU).

Monday, April 01, 2024 21:08

Thailand pins hope on higher rice exports to Italy ảnh 1

Figures from the Global Trade Atlas showed that with a 16.01% annual rise in rice exports to Italy last year, Thailand became the country’s third highest rice exporter after Pakistan and India. (Photo: The Nation)

Bangkok (VNA) - Thai Deputy Prime Minister and Minister of Commerce PhumthamWechayachai has believed that the country can export more jasmine rice toItaly, as India has restricted its exports and two other exporters have beendeprived of their tax privileges by the European Union (EU).

The officialsaid on April 1 that he has instructed trade representatives at Thai embassies tolook for export opportunities. The envoy in Rome responded by saying that Italyneeds more rice due to drought, The Nation reported.

He said that the EU has lifted tax privilegesfor Vietnam and Myanmar this year. However, Thailand can only make the most of this opportunitythis year, as the EU is expected to renew the privileges for the two nations next year,he noted.

Figures from the Global Trade Atlas showed that with a 16.01%annual rise in rice exports to Italy last year, Thailand became the country’sthird highest rice exporter after Pakistan and India./.

VNA

#Phumtham Wechayachai #EU #The Nation #Thailand #vietnam news agency #vietnamplus

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