Phnom Penh (FN), Nov. 3 – In a meeting with Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó at the Ministry of Agriculture, Forestry and Fisheries on Tuesday, Minister Veng Sakhon called on Hungarian investors to invest in the Kingdom’s agriculture.
Péter Szijjártó informed Minister Veng Sakhon that Hungary's agricultural sector plays an important role in the economy, accounting for about 8 percent of GDP. The use of technology in crop cultivation and processing alongside water management made Hungarian agriculture successful.
Péter Szijjártó said that Cambodia has three potential sectors for Hungary to invest in the future, including dairy production and meat processing; aquaculture; crop plantation and water management.
He added that Hungary has provided scholarships to 15 Cambodian students annually. The Hungarian government has confirmed today that the number of scholarship will be doubled, especially in the field of agriculture.
Minister Veng Sakhon expressed his deep gratitude to Péter Szijjártó and his colleagues for their official visit to Cambodia. He believed the agricultural cooperation between the two countries will be further strengthened and deepened.
Minister Sakhon highlighted the potential investment in exporting crops, such as rice, mango, cassava, cashew, tobacco and aquaculture. In 2020, Cambodia has exported 1,839 tons of rice to Hungary and 118 tons of tobacco.
Today, presided over by Prime Minister Hun Sen, Cambodia and Hungary will sign three important documents on air service agreement, water management, and agriculture.
For the Ministry of Agriculture, Forestry and Fisheries, the agreement will cover the areas of crop production; animal health and production; fisheries and aquaculture; agro-commerce; sanitary and hygienic inspection (SPS) cooperation; forest protection and reforestation; agricultural processing and marketing; joint training of human resources in agriculture; agricultural technology, research and development; and exchange of skills, knowledge and experience.