‘We hope to do better and I hope to continue this trade with India, not only in agri products but in other areas as well’
President Ferdinand R. Marcos Jr. welcomes Indian External Affairs Minister Subrahmanyam Jaishankar during a courtesy call at Malacañang Palace in Manila on Tuesday, 26 March 2024. | via Noel B. Pabalate / PPA POOL
President Ferdinand Marcos Jr. said the Philippines wants to deepen its trade and defense collaboration with India as he thanked the South Asian nation for its export of 295,000 metric tons of non-basmati white rice to the country.
The Chief Executive thanked Indian Minister of External Affairs Subrahmanyam Jaishankar during the latter’s visit to Malacañang earlier this week after India agreed to export rice to the Philippines despite its ban on rice exports.
“I’d like to thank you and please extend my gratitude to your Prime Minister (Narendra Modi) for the timely provision of imported rice that we bought from India. The very critical, a very crucial time since we are right now suffering the effects (of a) drought,” Marcos told Jaishankar.
“We hope to do better and I hope to continue this trade with India, not only in agri products but in other areas as well. The ambassador has been working very hard to promote all of these different exchanges,” Marcos added.
Highest allocation
Last October, India allowed the shipment of 295,000 metric tons of non-basmati white rice to the Philippines, marking the highest allocation to a foreign nation since restrictions were lifted for specific countries.
The Ministry of Commerce and Industry of India issued a notification on 18 October 2023 listing the Philippines along with Nepal, Cameroon, Cote d’Ivoire, Malaysia, Seychelles, and the Republic of Guinea as eligible destinations for exports.
India, known as the world’s largest rice exporter, implemented a ban on non-basmati rice exports in July 2023 to address rising prices in its domestic market.
Commitment to agriculture
Marcos emphasized the Philippines’ commitment to agriculture as a means of ensuring food security, highlighting the initial engagements with India in this regard.
The President mentioned that the Association of Southeast Asian Nations has reached a consensus on the necessity of enhancing supply chains, both physical and digital.
Regarding improving connectivity, Marcos cited the implementation of significant infrastructure projects, such as the recent rehabilitation and modernization of Manila’s main airport.
The Indian official expressed Prime Minister Modi’s anticipation of President Marcos’s state visit to India, which the President welcomed.
It was suggested that the President’s visit coincide with the 75th anniversary of diplomatic relations between the two countries.
