According to Dar, the Philippines will benefit from India’s position as one of the largest rice producers and exporters in the world. India is also at the forefront of the development and commercialization of natural and organic agricultural inputs.
In order to reduce the country’s trade deficit with the South Asian economy, the Philippines wants to export more agricultural products to India. The Philippines and India have renewed their partnership to improve technical cooperation and market access to boost food production in both countries.
This followed a bilateral meeting between Agriculture Secretary William Dar and Indian Agriculture Minister Narendra Singh Tomar. Dar is currently in New Delhi for the BioAg Asia 2022 conference.
The partnership aims to increase the incomes of Filipino and Indian farmers while achieving a more balanced trade in goods.
Dar said the Philippines would promote more high-quality export products to India to reduce the country’s current trade deficit.
In 2021, India exported $450 million worth of goods to the Philippines while buying only $50 million worth of Philippine goods.
According to Dar, the Philippines will benefit from India’s position as one of the largest rice producers and exporters in the world. India is also at the forefront of the development and commercialization of natural and organic agricultural inputs.
In addition, the agriculture ministers agreed to form a joint technical working group comprised of experts from both countries to expand existing collaboration and explore new areas of collaboration.
Aquaculture and marine energy, renewable energy, risk reduction management and natural and organic agricultural inputs would be prioritized.
India, for its part, has pledged to support initiatives aimed at improving Philippine agriculture by implementing various science-backed projects, such as a satellite insurance system and soil and soil management. some water.
The technical working group will meet several times over the next two months. Tomar also ordered the Indian Council for Agricultural Research to extend its assistance and ensure that the collaborations are carried out in collaboration with key technical agencies of the DA.
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