A meeting amongst the major producing countries of natural rubber (NR) from the ASEAN region was held on 26 February 2015 in Bandung, Indonesia.
2The 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.
4The 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.