00:00 President Ferdinand R. Marcos Jr. has been non-stop in finding solutions to the problems of rice in the Philippines.
00:08 And in the 43rd ASEAN Summit in Jakarta, the Philippines and Vietnam agreed on the import of rice in the next five years.
00:19 President Marcos Jr. also held a summit with the leader of Cambodia and discussed the strengthening of food security.
00:29 Alan Francisco was there.
00:31 While we were in Jakarta, we were non-stop in finding solutions to the situation we are facing regarding rice.
00:45 Before leaving for Indonesia, President Ferdinand R. Marcos Jr. promised to address the situation of rice in the Philippines.
00:54 Only a few days ago, he said something that was already said.
00:59 He talked to the Vietnamese Prime Minister Pham Minh Chin on the sidelines of the 43rd ASEAN Summit in Jakarta.
01:05 They discussed in their bilateral meeting the five-year rice importation agreement.
01:10 It means that Vietnam will export rice to the Philippines, which is expected to help stabilize the rice supply and price in the country.
01:17 Individually, we have put the frontiers at first as a priority.
01:25 Our economic planning and transformation and agriculture.
01:29 Again, this is something especially with the face of what we are anticipating the result, the renewal and the drought that it brings.
01:44 Welcome. This is the face of the rice exportation for President Marcos.
01:49 We hope that we can find an agreement so that there will be an exchange in terms of run all over that.
01:59 We look forward to having a stable framework of cooperation of rice trade for a long period of at least five years.
02:11 In May 2008, a Philippine agreement was signed between Vietnam on their sale of rice to the country.
02:18 90% of the rice imports in the Philippines came from Vietnam.
02:22 President Marcos also mentioned the possibility of helping in fishery and maritime in Vietnam.
02:27 In President Marcos' bilateral meeting in Cambodia, the strengthening of food security was discussed.
02:35 Following the end of the 43rd ASEAN Summit, President Ferdinand R. Marcos Jr. will return to the Philippines with his delegation.
02:45 Alan Francisco for Bayan Jakarta, Indonesia.
02:49 [inaudible].
