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With rising urbanization in Asia, governments of developing Asian countries are under increasing pressure to maintain a stable supply of staple foods such as rice to ensure food security. But volatile global rice and food prices pose great risks, potentially entailing huge socioeconomic costs.
For instance, from 2008 to 2010, in some Asian countries the global food crisis took a severe toll on both rice producers and consumers. Producers suffered adjustment costs arising from price volatility and a ban on rice exports. Consumers faced increased rice prices, which reduced their consumption of other essential food items. The volatile rice market became an economic issue throughout Asia.
Since then, national governments and international organizations have taken measures to curb the volatility of rice prices in the region. In 2012, ADB, the World Bank, ASEAN members, Japan, the People’s Republic of China, and the Republic of Korea launched the ASEAN Plus Three Emergency Rice Reserve (APTERR) and the ASEAN Food Security Information System (AFSIS), which now constitute the working food safety system in East Asia. It serves as a good example of successful regional cooperation and integration in achieving common public goods.
To help build policy makers’ capacity to improve and refine this food security system, ADBI, APTERR, and AFSIS will hold the Policy Workshop on Food Security and Disaster Risk Reduction in East Asia in Bangkok, 16–18 January 2018. It will analyze regional cooperation on food security, including the role of international organizations in overcoming food emergencies and protecting the food supply chain during socioeconomic crises.
- Provide an overview of the challenges of ensuring food security in emerging Asian countries
- Introduce participants to the challenges of establishing food security in Asia
20 government officials from Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Thailand, and Viet Nam
- Clearer understanding of food security challenges facing ASEAN and East Asian countries
- Enhanced cooperation on overcoming food insecurity among emerging Asian countries
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