Under a new memorandum of understanding (MoU) signed last week with the Cambodian Ministry of Agriculture, Chinese firm Hunty Co Ltd will export 100,000 tonnes of Cambodian fish products and fresh mangoes to China.
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The agreement, made last Thursday, was signed by Minister of Agriculture Veng Sakhon.
Mr Sakhon hailed the new agreement as an important step in expanding the market for local products abroad.
“The MoU comes at the right time, with fish and mango farmers now in need of new markets outside Cambodia,” Mr Sakhon said, explaining that the fish products covered by the agreement are mostly frozen items made with catfish.
The deal gives a boost to Cambodia’s thriving fishing sector.
Nao Thuok, secretary of state at the Ministry of Agriculture, told Khmer Times that fish production has increased significantly in recent years, with the number of fish farms markedly on the rise throughout the country.
The Ministry of Agriculture is encouraging fish farming to bolster local production, meet rising demand, and help reduce imports from neighbouring nations.
“We welcome any investment that promotes the local agricultural sector and helps us expand our markets abroad,” said Kong Pheach, director of the Agro-Industry Department at the ministry.
Hean Vanhan, director-general of the General Directorate of Agriculture, told Khmer Times that Cambodia has great potential in the production of mango products, but a lack of processing facilities in the country means most raw material ends up being shipped to other countries for processing.