Cambodia tipped for future agribusiness
Cambodia should be on the radar for Kiwi agribusiness looking for export opportunities, even though the small nation is decades behind other developing Asian countries, a rural economist says.
Cambodia remains one of Asia’s least developed countries after years of conflict but last year the Government introduced a series of initiatives to boost agricultural products. In January the country also ratified a free trade agreement between New Zealand, Australia and the Association of Southeast Asia which has created opportunities for Kiwi exporters to connect with the fast-growing Asian region.
ASB rural economist James Shortall said Cambodia was still a decade behind Vietnam and potentially 30 years behind China. ‘‘There are massive opportunities out of those areas which are going to be supportive of farm and agricultural farmers in New Zealand for 30, 40 or 50 years.’’