Cambodia Committed to Become Key Cashew Producer and Supplier

Cambodia is committed to turn itself into a major producer and supplier of cashew product in the local, regional and global markets.

To do so, a draft National Policy on Cashew Nuts 2022-2027 has been elaborated and was approved by the cabinet ministers in a plenary session held here at the Peace Palace this morning under the chairmanship of Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen, according to H.E. Phay Siphan, Minister Attached to the Prime Minister and Head of the Royal Government Spokesperson Unit.

Cashew is an agro-industrial crop and one of the 12 priority crops whose production and competitiveness are the main focus of the Royal Government.

The draft National Policy on Cashew Nuts 2022-2027 has a vision to develop cashew production, processing and market to be inclusively competitive, ensuring sustainability and economic diversification, through enhancing production output with competitive quality, promoting industrialisation to increase the added value of harvesting and processing by 25 percent by 2027 and at least 50 percent by 2032, and booting exports via market diversification, export-related cross-sectoral linkages, trade facilitation, cost reduction, and competitive advantage promotion.

At the same time, the cabinet meeting also approved the draft law on public financial system to establish a basic and necessary legal framework for the implementation of performance budgeting; the draft law on clean water management to ensure quality, safety, sustainability and affordability; and the draft policy on land management and use for the development of Preah Sihanouk province into a multi-purpose Special Economic Zone 2022-2038.

Source: Agency Kampuchea Press