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Agriculture
03 Nov 05 02:48
Leaders approve tariff exemptions for farming
Dow Jones
- It is, perhaps, the attention to detail that sets Falcon Hill apart from other luxury properties in Thailand.

Kim Falcon Ravn, Denmark
Managing Director

Visit Falcon Hill, Hua-Hin
Thailand agreed yeaterday to remove import tariffs on 10 agricultural commodities from four Southeast Asian nations to facilitate trade and economic cooperation, Thai Foreign Minister Kantathi Suphamongkhon said yesterday.
The tariff decision was made at a meeting of foreign ministers from Thailand, Myanmar, Laos, Cambodia and Vietnam in Bangkok yesterday to discuss the Irrawaddy-Chao Phraya-Mekong Economic Cooperation Strategy.
Exemptions on import tariffs will be applied to 10 commodities listed under farming agreements that Thailand expects to sign with its neighbours, according to an official with the foreign ministry. The commodities include soybeans, corn, sweet corn and castor seeds.
The agreement will allow Thai private investors to invest in crop cultivation jointly with farmers in Myanmar, Laos, Cambodia and Vietnam. While Thailand has yet to sign any of such agreements with these neighbours, it is expected to sign an agreement with Myanmar in mid-November covering soybeans, oil palm, castor beans, cassava and rubber.
Prime Minister Thaksin Shinawatra said last week that countries such as Myanmar, Cambodia and Laos have plenty of arable land, but aren't prepared to develop commercial farming, and therefore welcome Thai investments.
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