Alliance an advocate for industry

The executive committee of the Alliance of Rice Producers and Exporters of Cambodia, ARPEC, decided earlier this month to set up a commercial arm to help members get financing for a variety of rice-related activities. According to ARPEC secretary-general Hun Lak and deputy secretary-general David Van, the executive committee of the association agreed to provide advocacy to members on rice issues with government agencies and provide adequate services to members by providing rice bags, facilitating loans from banks to members and broadcasting a weekly news flash related to global rice market prices and trends in the Khmer language. The ARPEC executive committee also decided to register a commercial entity to pool resources among members to provide guaranteed or collateral loans for in-house financing to members and use the pooled resources to negotiate further loan facilities from other local or foreign commercial banks in order to obtain better interest rates and bigger loans. …

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