BUSINESS - China aims to legalise Burmese rice imports

Chinese officials will enter discussions geared towards allowing the legal import of Burmese rice, according to Yu Ding Cheng, chairman of the Chamber of Commerce in Yunnan, China. Seizures of illegal rice have led to a steep decline in value. Yu Ding Cheng said that he met with Burma’s Federation of Chambers of Commerce in efforts to boost cross-border trade on 14 August. The Myanmar Rice Federation said that they do not expect to meet this year’s target of exporting two million tons of rice, as value and demand have both dropped.