Phnom Penh (FN), Jan. 13 — The Council of Ministers approved the draft law on "National Policy on Cashew 2022-2027".

The approval was made at a cabinet meeting chaired by Cambodian prime minister Hun Sen on Friday morning (Jan 13).

According to the government’s spokesperson Phay Siphan, the draft national policy on cashews was prepared through a study of export sites, processing, exporters and consultative workshops. Providing input from relevant ministries, development partners and the private sector are involved in all activities in the value chain.

The policy also highlighted the duties and responsibilities of all stakeholders to ensure targeted and effective implementation, Siphan added.

Siphan continued, the national policy on cashew nuts has a vision to develop cashew production and market in a competitive environment, ensuring sustainability and economic diversification.

The policy also aims to turn Cambodia into a major producer and supplier of cashew products to serve local, regional and global markets, the spokesperson added.

Siphan underlined three main goals set by the policy, including improving the productivity and competitiveness, promoting industrialization to increase value added to 25% by 2027 and at least 50% by 2032, and promoting exports through market diversification, cross-sectoral linkages in exports, trade facilitation, cost reduction and market superiority.
=FRESH NEWS