MOU signed by South Korea and PH to boost local agri cooperatives
The Philippines and South Korea have recently signed a memorandum of understanding (MOU) that aims to center local farmers’ associations and agricultural cooperatives into main drivers of growth in rural areas.
Raul Hernandez, Philippine Ambassador to South Korea, along with Agricultural Analyst Maria Alilia Maghirang, chief of the Philippine Agriculture Office (PAO), and Chairman Byeong-won Kim of the National Agricultural Cooperative Federation (NACF) and his team signed the MOU at the headquarters of NACF in Seoul, Manila Times reported.
The partnership was first proposed in June 2016 by the Gwang-Seok Hong, member of South Korea’s National Assembly.
The conversation focused on South Korea’s offer for have a joint collaboration with the Philippine Department of Agriculture (DA).
Hernandez warmly received the MOU, stating that “Strengthening of collaboration with the NACF can greatly help in empowering local agricultural cooperatives and farmers’ associations in the Philippines.”
Manila Times said that Kim guaranteed Hernandez the NACF looked forward to sharing its expertise, experience and information with the Philippines as the NACF was influential in directing the modernization of South Korea’s agricultural sector and nurturing economic growth in local rural areas.
The South Korean government, under the MOU, and through the NACF and Saemaul Undong (New Community Movement), would provide assistance to the Philippine agricultural cooperatives and farmers’ associations through the implementation of the following projects: Hardware Development Cooperation Projects, Saemaul Undong Cooperation Projects, Software Development Cooperation Projects, Exchange and Growth Cooperation Projects.