Australia must be open to agriculture investment

By Harry Allan

A new report suggests that there will be a “second green revolution” in the Asia-Pacific region and that Australia must welcome foreign investment in its agricultural sector in order to meet growing demand.  

The report says food security in Asia can be achieved through investing in supply chains (which it dubs as currently being “wasteful) that will boost production; food imports from Australia should be used to supplement these efforts.

At the accompanying conference, food security expert John Edwards said: “I would much prefer to see adequate investment in Australian agriculture, particularly where that investment is aligned with the supply chain — everything from production at the Australian end through to the market and consumption at the other end done by an integrated supply chain involving investments from both sides.”

Ex-South Korean trade minister Bark Taeho noted that while Australia was a strong regional player in it was perceived as being too “complacent” and should work to re-energise multilateral settings following the stalling of the Doha Development Round.

“Australia should be playing a more important role in promoting multilateral settings, especially in the area of agricultural subsidy reduction,” he said.

The report, Horizons, was written by the Perth USAsia Centre and Perth-based consultancy Knowledge Society.

Business Review Australia & Asia's May issue is now live. 

Follow @MrNLon and @BizReviewAU on Twitter.

Business Review Australia is also on Facebook. 

SOURCE: [The Australian

Share
Share

Featured Articles

Meet the female CEOs driving growth for Starbucks China

COO Molly Liu to join Belinda Wong as co-CEO Starbucks China, as the company builds on its skyrocketing growth with plans to open 2,500 stores by 2025

The world’s biggest chipmaker bets big on renewable energy

Despite the struggle faced by chipmakers to reduce emissions, Taiwan Semiconductor Manufacturing is accelerating renewable energy adoption by 10 years

Uniqlo shakes up leadership amid global retail ambitions

Fast Retailing, the group behind Japan’s Uniqlo, overtakes Gap with soaring profits and is now eyeing accelerated global expansion with executive shakeup

What is the ESG strategy of Chinese automaker Geely Holding?

Sustainability

Top 10 best-performing CEOs in Singapore

Leadership & Strategy

Top 10 women behind India’s most successful tech startups

Leadership & Strategy