The initial welcome given to rich countries’ investment in African farmland by agricultural and development officials has faded as the first ventures prove to be heavily weighted in favour of the investors. The FAO warned of such a trend when it said this year that the race to secure farmland overseas risked creating a “neo-colonial” system.
- Financial Times
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20 November 2008
Yang told the Philippine President that they are eyeing a 10,000-hectare land in Davao del Sur as possible site for their planned laboratory where they will conduct tests on the viability of growing traditional Chinese herbs, the main ingredient of JKG medicines.
- Philippine News Agency
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27 October 2008
Margarito B. Teves, Finance Secretary of the Philippines, spoke to Gulf News about the potential for joint investment initiatives between the UAE and the Philippines. "The UAE can count on the Philippines as a reliable supplier of food products permissible under Sharia."
- Gulf News
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07 October 2008
China is looking at the Philippines to meet its domestic food and energy requirements even as the Chinese economy is being restructured into an enormous assembly hub of manufactured goods for the American, Japanese and European markets.
8In a bid to ensure its long-term food security, Bahrain is negotiating a series of import agreements and investing in farmland in South East Asia.
- Oxford Business Group
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24 August 2008
Alarmed by exporting countries’ trade restrictions, importing countries have realised that their dependence on the international food market makes them vulnerable not only to an abrupt surge in prices but, more crucially, to an interruption in supplies.
- Financial Times
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19 August 2008
Gulf banks and businessmen were yesterday urged to invest less money in the real estate sector and turn to food industries.
- Gulf Daily News
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26 July 2008
The UAE is exploring opportunities in the Philippines to ensure the availability of certain food stocks in the country, an official said.
Beijing is adding agricultural investments to its “go outward” strategy, under which domestic businesses are encouraged to venture into foreign markets.
The Arabian Peninsula is currently flooded with petrodollars, giving the Gulf Arabs a wide array of investment options abroad. But while these countries are winners in the oil market, they are losers in the food market. As a result, the Gulf Arabs - with Saudi Arabia at the fore - are pursuing a strategy to buy their food security through overseas agribusiness investment.
- Kuwait Times
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18 June 2008
Bahrain is eyeing a major food production programme with the Philippines in a bid to ensure food security in the Kingdom.
- Bahrain Tribune
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14 June 2008
As food crisis worsens, some nations are desperate for arable land
- US News and World Report
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12 June 2008