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Agreement On The Asean Food Security Reserve

The Governments of the ASEAN Member States shall coordinate, in accordance with their institutional and constitutional requirements, the National Food Stockpile Policy, which takes into account the policies of other ASEAN Member States and which together will maintain a minimum safe level for the ASEAN food reserve. Learning from the ASEAN case, the public food reserve is an old idea that remains relevant today. The way forward is to put in place institutional arrangements that will facilitate coordination and cooperation among countries through different channels, including the WTO multilateral trading system. Each of ASEAN`s trade agreements with six countries18, which could be deepened under RCEP, which maintains all ASEAN Plus agreements, could be the starting point for increased and broader cooperation in different areas, including public reserves. The main reason for this cooperation was that ASEAN countries identified food instability as a common threat and as a consequence of the high vulnerability of the region`s food production. . . .

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