November 10, 2022
South Korea invests US$1.2 million to boost Sri Lanka's shrimp aquaculture sector
South Korea has invested US$1.2 million through the Food and Agriculture Organisation of the United Nations (FAO) to boost the shrimp aquaculture sector in Sri Lanka over a three year period, Fish Information & Services reported.
In order to support the long-term growth of Sri Lanka's shrimp aquaculture industry, the FAO will strengthen national capacity in a number of areas, including health management, biosecurity, food safety, analysis of biosecurity systems, and establishment of reliable disease early warning and monitoring systems.
The spread of diseases continues to be a major barrier to the development of sustainable aquaculture, reducing yield, decreasing profit, and discouraging investment. Countries will be able to produce more food more effectively, earn more money, be more resilient, and be less vulnerable to the effects of rising food prices and other threats to national food security if the biosecurity of the aquaculture sector is improved.
Santhush Woonjin Jeong, the South Korean ambassador to Sri Lanka, said Sri Lanka is rich in human and natural resources, and by combining the resources of Sri Lanka and Korea, this project will help Sri Lanka realise its potential and meet their shared objectives.
Douglas Devananda, Sri Lanka's Minister of Fisheries said similar to other countries, this industry faces many issues, with diseases being the main challenge, adding that he is extremely grateful to the Republic of Korea and FAO for providing financial and technical support to strengthen the aquaculture sector in Sri Lanka.
Vimlendra Sharan, the FAO Representative for Sri Lanka and the Maldives, said as consumers have become more environmentally conscious, the standards of the aquaculture industry have been shifting towards producing "smart," "green," and sustainable food products."
He said the majority of aquaculture systems are still not entirely sustainable, so for the sector to change, innovation and technology investment are essential. He also said through this project, the FAO will closely collaborate with the Ministry of Fisheries and all other stakeholders to introduce new, sustainable strategies that will strengthen Sri Lanka's aquaculture industry.
- Fish Information & Services