In a bid to support Cambodia’s agricultural sector, Australia has pledged its assistance through the Agri-food Investment Desk (AFID). This initiative aims to attract investment, develop new markets, and create additional income streams for the country. The Australian Embassy in Phnom Penh made this announcement in a recent news release, highlighting the collaboration between the two nations.
As part of their commitment, the Cambodia Australia Partnership for Resilient Economic Development (CAPRED) facilitated a visit to Australia for 37 Cambodian delegates. These delegates, representing agribusinesses and government stakeholders, had the opportunity to engage with potential investors, supermarket chains, government agencies, and business associations. The purpose of these meetings was to establish connections with potential buyers, gain insights into Australian import regulations, and understand the art of pitching products to an international audience.
Cambodia possesses a strong advantage in the production of quality fruits, vegetables, nuts, and grains. As such, it is well-positioned to leverage these strengths and export its agricultural products to Australia. Furthermore, the potential for co-investing in this high-value market presents promising prospects for the country’s economic growth.
The Australian Embassy in Phnom Penh expressed its hope to witness an increase in the presence of Cambodian agricultural products on Australian shelves. This objective not only contributes to expanding trade but also serves as a catalyst for deepening the trade and investment ties between the two nations.
By sharing knowledge, fostering partnerships, and encouraging investment, Australia’s support through AFID is set to create opportunities for Cambodia’s agricultural manufacturing sector. The collaboration between both countries aims to open up new avenues for growth, stimulate economic development, and enhance bilateral trade relationships.
As Cambodia continues to work towards its agricultural goals, it can count on the support and expertise of Australia to propel its agricultural manufacturing industry forward. Through this partnership, both nations are poised to strengthen their trade ties, capitalize on each other’s strengths, and achieve shared prosperity.
Source: Khmer Times