DA reaffirms mechanization deal with Korean cooperative
Philippine Agriculture Secretary William Dar and Korea Agricultural Machinery Cooperative (KAMICO) Chairman Kim Shin-Gil have signed a Memorandum of Understanding (MOU) reaffirming their partnership to bolster the agricultural mechanization.
The MOU seeks to promote the agricultural development of both countries in terms of mechanization and modernization, the Department of Agriculture (DA) said.
The deal includes technical collaboration on R&D, capacity enhancement, and the establishment of agri-machinery manufacturing complex in the Philippines.
To be specific, KAMICO proposed to bring in about 30 agri-machinery companies to invest in farm equipment assembly and manufacturing.
Dar, for his part, expressed his appreciation to KAMICO in assisting the Philippines as it develops its agricultural sector.
KAMICO, recognized by the Korean government, is a special non-profit cooperative with 580 agricultural machinery manufacturer-members in Korea.