The Ministry of Agriculture, Food and Rural Affairs of South Korea is intensifying its agricultural and food sector cooperation with Cambodia, an important emerging export market. During a visit to Phnom Penh, Director Kwon Jae-han explored ways to increase exports by meeting with local importers and Korean exporters, and inspecting South Korean agricultural and food export sites. Cambodia's agriculture sector, which accounts for 22% of its GDP and has seen an average annual growth of 7% over the past two decades, offers significant growth opportunities. The bilateral relationship is further supported by eight international development cooperation projects and the Korea-Cambodia Free Trade Agreement signed in 2022. Efforts to promote Korean agricultural products in Cambodia, including the first export of Korean beef to a Mekong country, are being enhanced through strategies like leveraging large corporations' distribution networks and conducting joint marketing.
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Original content
The Ministry of Agriculture, Food and Rural Affairs discussed ways to cooperate in the agricultural and food sector with Cambodia, which has emerged as a newly emerging export market for our agricultural and food products. Kwon Jae-han, Director of the Agricultural Innovation Policy Department of the Ministry of Agriculture, Food and Rural Affairs, visited Phnom Penh, Cambodia on the 27th and 28th and inspected our agricultural and food export sites. Cambodia is an agricultural-centered country with agriculture accounting for 22% of gross domestic product (GDP) as of 2022, and has great development potential, with an average annual growth rate of 7% over the past 20 years. The Ministry of Agriculture, Food and Rural Affairs is currently carrying out eight international development cooperation (ODA) projects in Cambodia, and the relationship between the two countries is further strengthening, including the signing of the Korea-Cambodia Free Trade Agreement (FTA) in 2022. Among the ...
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