Japan to push for G-8 rules on intl farm investment
- Yomiuri Shimbun
- 28 May 2009
This would be the first time for an international set of guidelines of this kind to be formulated
This would be the first time for an international set of guidelines of this kind to be formulated
Japan will spearhead a drive at the Group of Eight summit to prevent "farmland grabbing" in developing countries and encourage responsible investing in agriculture.
Japan is to propose introducing a set of principles to ensure smooth investment in agriculture in developing countries at a Group of Eight summit in Italy in July, a foreign ministry official said on Tuesday, in a move to limit 'land-grabbing'.
Marubeni Corporation and Amaggi Exportação e Importação announced on May 1 that the companies have concluded a comprehensive collaboration agreement
The Japanese government is drawing up plans to finance investments in agricultural production in developing countries, in the latest sign of nervousness about food security among countries that import agricultural commodities.
Japan is considering providing loans from a government-owned bank for companies to purchase and lease farmland abroad, Munemitsu Hirano, counsellor at the international affairs department of the Ministry of Agriculture, Forestry and Fisheries, said.
Not a day goes by without new acreage being signed over. "For Sale" ads for agricultural property are now featured in the international financial press. And there's no dearth of clients.
"Je crois que les tensions seront inévitables où que ce soit, faisant des enclaves agricoles étrangères de véritables forteresses assiégées."
Increasingly, the land deals are coming under the scrutiny of the UN and watchdog groups such as Grain, the International Land Coalition and the IFPRI. That's because it is not obvious that they are win-win situations.
Dossier spécial de « Campagnes solidaires », le bulletin mensuel de la Confédération Paysanne
Over the past few years Laos has seen a surge of foreign investment in farms and plantations from neighboring countries keen to acquire rubber, sugar, and other agricultural commodities. Under this project, noncommercial details of land concession awards will be posted on a public website to improve transparency, while the commercial terms will be kept in a confidential database for monitoring compliance.
Saudi Arabia and the UAE are worldwide leaders in buying farmland in third-party countries, followed by China and Japan, says the World Bank.
Casseroles et gros sous pour Socfin Bolloré
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