The Junta has approved the rice trade between Thailand and Philippines to promote the rice trade among both the countries.
The agreement was witnessed by Commerce Ministry which will hold the charge given by the The National Council for Peace and Order (NCPO).
The Commerce Ministry will put a government to government contract with Philippines to sell the rice.
The agreement is to be issued by the Foreign Ministry for the Commerce Minister or his representative to take part in the signing.
The content of the agreement is similar to the previous one except the expiration date ,which has been extended to December 31, 2016.
Under the contract, Thai officials will be able to seek direct negotiations with the Philippines government as well as engage in reverse auctions.