AreaBilateral/Multilateral

Commodity GroupRice

CommodityAll

Date01/05/2013

Policy CategoryStocks

Policy InstrumentTrade agreement

DescriptionGovernments of Guyana and Venezuela agreed to renew the PetroCaribe rice trade agreement for an additional year. Under the accord, Guyana is to provide 140 000 tonnes of paddy and 70 000 tonnes of rice to Venezuela in 2013, payment for which will be deducted from Guyana\'s oil arrears to Venezuela.