Last updated: Tuesday, January 17, 2017
Rice Export Quota Regulations Abolished
Posted: Monday, January 09, 2017
Minister of Industry and Trade Tran Tuan Anh has inked a decision to revoke the Planning of rice exporters which was supposed to cause troubles for enterprises.
In the context of difficult and competitive rice export, the abolishment was expected to extricate difficulties for businesses and spur rice export.
Earlier, under Decision 6139/QD-BCT on the Planning of rice exporters, if a rice exporter fails to reach 10,000 tonnes in the first year, it is allowed to maintain the certificate by increasing the export in the next year so that the total export volume in the two years reaches 20,000 tonnes.
The number of traders can be a maximum of 150. The trader must have its own material areas or have cooperation with rice farmers. Traders must be confirmed by provincial leaders in written documents on the material areas or cooperative links and orders with rice farmers.
As directed by the Government, the priority criteria to consider rice export traders is to have the construction plan to build material areas which is the factor to ensure sustainable development, in line with actual requirements.