ASEAN plans rice reserve mechanism

Seems like the ASEAN is on the way to transforming the East Asia Emergency Rice Reserve (EAERR) Pilot Project into a permanent mechanism. From Philippines’ PDI Online

ANILA, Philippines—Leaders of the Association of Southeast Asian Nations (ASEAN) are laying the groundwork for a permanent emergency rice reserve mechanism in anticipation of more calamities hitting the region, Malacañang said Sunday.
The Philippines expressed particular interest in the initiative following the devastation wrought on farmlands by two recent back-to-back storms.
During the just ended ASEAN “Plus 3” summit in Hua Hin, Thailand, President Gloria Macapagal-Arroyo and other leaders tackled the need to transform into a “permanent aid mechanism” the current East Asia Emergency Rice Reserve (EAERR) Pilot Project …

continue reading why ASEAN is setting up the rice reserve mechanism…..

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