How can Sarawak reduce its RM3.6 billion food import deficit?

Question

Accepted Answer

Sarawak Aims to Reduce Food Import Deficit Through Enhanced Production and Private Sector Collaboration

Sarawak plans to reduce its significant food import deficit, which stood at RM3.6 billion in 2018, by boosting domestic food production and increasing exports. This strategy involves close collaboration with the private sector to formulate post-Covid-19 economic policies, focusing on identifying key products with export potential and expanding market access for local companies. The ultimate goal is for Sarawak to become a net exporter of food and food products by 2030.
Engaging the Private Sector in Policy Formulation

The Sarawak state government intends to actively consult with private sector entities to shape its post-Covid-19 social and economic policy. This engagement aims to define the scope of cooperation and leverage private sector expertise in pre-formulating strategies. By involving companies like Thian Yien Enterprise Sdn Bhd, which already exports sauces to Southeast Asian countries and Hong Kong, the government seeks to gain insights into international market demands and operational best practices.
Identifying and Developing Export-Oriented Food Products

A critical aspect of reducing the import deficit and achieving net exporter status involves identifying specific food products Sarawak can produce efficiently and in large quantities for export. While the state possesses abundant land and a reputation for healthy food production, further analysis is needed to pinpoint optimal areas. The interest shown by Thian Yen Enterprise in crawfish rearing for export highlights the potential in inland fishery and other specialized agricultural ventures.
Expanding International Market Access for Local Producers

Beyond increasing production, the state government is committed to assisting local companies in penetrating more international markets. This support is crucial for realizing the vision of becoming a net exporter. By facilitating access to global consumers, Sarawak aims to create a favourable trade balance in food products, thereby diminishing the reliance on imports and strengthening its agricultural economy.

Reading history

Hide →

This history is cleared when the page is closed.

How can Sarawak reduce its RM3.6 billion food import deficit?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends