Agriculture Secretary Arthur Yap said Tuesday that he is reviewing a proposed bilateral agreement with Thailand that would provide for the supply of an unspecified volume of rice imports to Manila from the world's largest rice exporter.

"There are two volumes that we are looking at, a country-specific quota volume and another volume for a g to g (government-to-government deals)," Yap told reporters, without providing details.

The supply agreement would serve as a concession to Thailand as a tradeoff for Manila's planned imposition of a 40% tariff on all rice imports from 2010-2014, Yap said. (Dow Jones)