Thailand-RI countertrade

Thailand-RI countertrade

BANGKOK (Reuter): Thailand is preparing a memorandum of
understanding (MOU) on a countertrade deal with Indonesia in
which Indonesia will supply aircraft in exchange for Thai
agricultural products, most likely rice and sugar, a Thai
official said yesterday.

The MOU is due to be ready by the time Thai Prime Minister
Banharn Silpa-archa visits Jakarta on April 24, the official
said.

Under the agreement Indonesia will sell Thailand aircraft for
agricultural use in exchange for Thai agricultural products,
which are expected to be rice and sugar, the official said.

Thai Deputy Prime Minister Amnuay Virawan said last week that
Indonesia had proposed buying Thai rice in exchange for the
aircraft which he said were built with Spanish technology.

Neither Amnuay nor the official yesterday gave any indication
of the quantity of Thai agricultural products which will be
exchanged for the aircraft, details of which were not disclosed.