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Friday, November 20, 2009 - 7.07 GMT |
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SL- Korea to
develop food & agriculture |
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The
Ministry
of
Agriculture
Development
and
Agrarian
Service
has
taken
steps to
establish
the
Asian
Food and
Agriculture
Cooperation
Initiative
(AFACI)
with the
collaboration
of Rural
Development
Administration
of the
Republic
of
Korea.
The
purpose
of this
initiative
is to
contribute
solutions
for
global
food
crisis
of
member
states
for food
security,
to
industrialize
Asian
food and
culture
through
customized,
cooperation
of
agriculture
and food
technology,
enhance
the
partnership
and the
leadership
in the
international
community
to speak
the
mutual
interest
of Asian
member
countries.
It is
expected
to
launch
as a
regional
collaborative
initiative
based on
the
Memorandum
of
Understanding
signed
by the
voluntary
participated
Asian
member
countries
and at
the
second
development
level it
is
planned
to
develop
into
international
organization
on the
basis of
convention
among
Asian
member
countries.
The
final
budget
for this
is US$ 2
million
in 2010
and it
will
expand
up to US
$5
million
in 2012
and it
will be
borne by
Government
of
Korea.
Rural
Development
Administration
of the
Republic
of Korea
is
seeking
the
establishment
of Asian
Food
Agriculture
Cooperation
Initiative
(AFACI)
with 15
Asian
countries
including
Sri
Lanka.
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