China-Cambodia agricultural cooperation has continued to deepen

Published May 26, 2021

Tridge summary

Cambodia's agriculture sector is a key contributor to the country's economy and the only industry to show positive growth in 2020. The government aims to increase agricultural exports to 12% of total exports by 2025 and has developed an Agricultural Strategic Development Plan (2019-2023) and an Agricultural Industry Master Plan 2030. The government is also working with China to modernize agriculture and attract foreign direct investment. The China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement are expected to provide more opportunities for Cambodian agricultural products in the Chinese market. Cambodia has formulated policies to attract foreign investment, including establishing special economic zones and providing incentives for qualified investment projects.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agriculture is an important part of the Cambodian economy, and it is also the only pillar industry that achieved positive growth in Cambodia last year. In recent years, China-Cambodia agricultural cooperation has continued to deepen. The signing of the China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement provides Cambodian agricultural products. Expansion of the Chinese market has created huge opportunities. Recently, a reporter from the Economic Daily interviewed On Sa Kun, Minister of Agriculture, Forestry and Fisheries of Cambodia on the current status and prospects of agricultural development in Cambodia, as well as China-Cambodia agricultural cooperation. Reporter: What is the prospect of Cambodia's agricultural development? On Sakun: Agriculture is one of the important pillar industries of Cambodia’s national economy. Its output value accounts for 20.8% of GDP, and it provides employment opportunities for about 36% of the ...

Source: Ciie