PHNOM PENH: On June 15, 2023, the Association of Innovation and Development Investors (IDI) and ID Capital Plc. (IDC), in collaboration with the Entrepreneurship Development Fund of the Ministry of Economy and Finance (EDF) under the chairmanship of Dr. Hor Sereyvath, IDI and IDC Chairman, and H.E. Chea Kok Hong, EDF's Secretariate Director, accompanied by IDI Board of Directors organized a sharing session on the potential of agricultural exports from Cambodia the Chinese market at the Astor Hall, Flatiron by Meridian. Participants include more than 60 attendees representing companies and operators in agricultural and food products.

Commencing the program, Dr. Hor Sereyvath delivered a welcome remark highlighting the commitment of IDI to contribute to the promotion of Cambodia's exports, especially food and agricultural products. He added that IDI has been working with local and foreign partner institutions to identify and unlock market opportunities for farmers and producers. In that regard, the association also established a technical working group to further assist the export activities.

H.E. Chea Kok Hong also provided key remarks emphasizing the results of the delegation visit of the EDF technical team, led by His Excellency himself, to the People's Republic of China in May. He stressed that Cambodian agricultural products such as rice, cashew nuts, cassava starch, and mango are among the high-potential products for the Chinese market.

With the establishment of a proper mechanism to standardize quality, packaging, marketing, and branding, agricultural exports from Cambodia to China could reach nearly USD 2 billion. In this regard, the EDF will extend its support to IDI in identifying priority agricultural products and developing short- and medium-term strategic plans to strengthen the export of those products.

After the welcoming and keynote remarks, the EDF team also delivered a detailed presentation on the results of the delegation visit as well as the support to be rendered to IDI to help promote Cambodian agricultural exports to the Chinese market.

As a result, the participants expressed their support and appreciation for the positive results of the EDF visit and exchanged views on production processes, export challenges, and issues faced which the panelists offered advice on the countermeasures.

Dr. Hor Sereyvath concluded the event with appreciation towards the participants for attending the event and promised that IDI in collaboration with EDF will continue its endeavor in unlocking more export destinations for Cambodian farmers and producers whereby export of agricultural products and food products will be targeted for China and other foreign markets.