Media release: Meeting between the officials of the International Tripartite Rubber Council (ITRC) and Cambodia, Lao PDR, Myanmar and Vietnam (CLMV): 26 February 2015 – Bandung, Indonesia
- A meeting amongst the major producing countries of natural rubber (NR) from the ASEAN region was held on 26 February 2015 in Bandung, Indonesia.
- The meeting was attended by senior officials of the International Tripartite Rubber Council (ITRC) member countries i.e. Thailand, Indonesia and Malaysia as well as from Cambodia, Lao PDR and Myanmar.
- The 6 NR producing countries discussed prevailing NR market situations and market sentiments. Together, the ITRC member countries, Cambodia, Lao PDR and Myanmar, currently account for close to 70% of global NR production.
- The 6 countries reiterated their commitment for closer collaboration and cooperation with a view towards strengthening NR price and ensuring remunerative income for the benefit of NR smallholders in the region. In this regard, the 6 countries agreed to develop a work plan aimed at strengthening NR prices.
