ASEAN Plus Three Emergency Rice Reserve 

APTERR Programmes

 

Corresponding with specific distinctions of emergencies, there are three APTERR programmes used for addressing;

 

  • Tier 1 Programme

Tier 1 involves the release of earmarked emergency rice reserves under the pre-arrangement terms for anticipated emergencies.

 

 

Tier 1 is formalised as a forward contract, stating the specific quantity and grade of rice, pricing method, terms of payment and delivery, and other requirements between the supplying country and a recipient country.

 

 

Delivery of rice from the supplying country will be made in the event of emergency in the recipient country with payment based on prevailing international market price.

 

 

The amount of rice under the forward contract is based on an estimate of shortfall in the event of emergency over the medium term.

 

 

  • Tier 2 Programme
    • Tier 2 involves the release of earmarked emergency rice reserves under other agreement for unanticipated emergencies not addressed by Tier 1.
    • Delivery follows an on-the-spot agreement between the supplying country and the recipient country.
    • Pricing is similar to Tier 1, which payment can be made in cash or through long-term loan or grant based on mutual agreement of the countries involved.

 

  • Tier 3 Programme
    • Tier 3 involves the release of stockpiled emergency rice reserves under the contribution for severe emergencies and humanitarian responses, such as poverty alleviation and malnourishment eradication, to ensure food security in the region.
    • Rice distribution under Tier 3 can be the fast track to assistance under automatic trigger.

 

______________________________________

Visitors

Today: 11
This Week: 11
This Month: 304
This Year: 4,231
Total: 4,231
004231