As part of efforts to tackle the country’s over-reliance on mineral and energy exports, the government is supporting the growth of the agriculture sector to promote diversification. Forestry, agricultural and fishery activity currently accounts for one third of the economy and remains the principle livelihood of the vast majority of Papua New Guinea’s citizens. Agriculture exports dropped from...
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Chapter | Agriculture & Fisheries from The Report: Papua New Guinea 2014
Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction.
Articles & Analysis | Cacao production and exports on the rise from The Report: Colombia 2014
With demand for cacao on the rise and a projected global deficit of 1m tonnes by 2020, according to the International Cacao Organisation (ICCO), cacao production in Colombia is set to receive special attention in the next few years. While the country currently accounts for only 1% of global cacao production, the potential for much higher...
Articles & Analysis | Providing investment and support to key cash crops from The Report: Colombia 2014
Decades of conflict, affecting primarily rural areas, have taken their toll on Colombia’s agricultural sector. High fragmentation and rural poverty have stifled large-scale investments and prevented productivity gains, while a deficient transport and infrastructure network add to domestic production costs. In recent years, increased global...
Articles & Analysis | Bilateral trade agreements redefine local markets from The Report: Colombia 2014
In recent years Colombia has signed a number of free trade agreements (FTA), significantly expanding its access to new markets across the globe. The most recent, with South Korea, was signed in February 2013 and has yet to come into force. The agricultural sector is particularly sensitive to new FTAs and fears of the negative impact increased...
Chapter | Agriculture from The Report: Colombia 2014
Despite lower international prices for some of Colombia’s key cash crops, the agriculture sector ended 2013 posting growth of 5.2%, higher than overall economic growth of 4.7%. Coffee’s 22.3% expansion made it the sector’s shining star in 2013. However, the various challenges the sector faces, in particular increased international competition as a result of a number of recent free trade...