Agriculture is one of the key pillars of the Cambodian economy, but does it create opportunities for European investors? Join this webinar to find out.
Cambodia has experienced two decades of strong economic growth. An average GDP growth rate of 7.7% from 1995-2017 places it as the 6th fastest growing economy in the world, and this growth is expected to continue.
In this context, agriculture has a key role in the country. In 2018, 76.6% of the population were still living in the countryside. The sector accounted for approximately 23.5% of GDP in 2018 and 27% of the Cambodian labour force was engaged in agricultural activities. Agriculture is crucial to the livelihoods of most households in the countryside, as well as to the nation’s food security.
Today, the sector remains at the core of Cambodia’s development strategy, with plans to modernise the sector through increased use of agri-inputs, mechanisation and irrigation. At the same time, the country wants to boost its agro-processing capacity to compete with neighbouring Thailand and Vietnam.
These trends will have profound implications for the sector, and create challenges and opportunities for prospective investors. Join this webinar to learn more on December 17th at 4pm.