Royal Government of Cambodia has allocated more budget for the country's agriculture and paid serious attention to defining resolutions for emerging issues in the sector.
Minister of Agriculture, Forestry and Fisheries H.E. Veng Sakhon and Economy and Finance Secretary of State H.E. Vongsey Vissoth recently chaired a discussion forum to promote agricultural sector.
Taking place here in Phnom Penh, the forum was attended by concerned government bodies, international financial institutions, development partners as well as representatives of farmer groups.
According to H.E. Vongsey Vissoth, the Royal Government of Cambodia has allocated about US$108 million, equivalent to almost 0.5 percent of the country's gross domestic product, in 2017 � which is a considerable increase compared to only US$38 million in 2013.
The investment amount, he added, is similar to those done in Vietnam and China.
As the markets are getting complicated, it is encouraged that more strategic and long-term interventions need to be in place to address emerging issues in Cambodia's agricultural sector.
With the foundation, the discussion forum identified diversification and modernisation of agricultural products, including innovations in agro-industries as direction to promote the sector.
Continuous capacity building for agricultural entrepreneurs as well as farmers, including engineering researches were also put into consideration as agricultural resolutions.
Source: Agency Kampuchea Press