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Conference discusses cashew trade with Africa

The Ministry of Foreign Affairs on December 13 hosted a hybrid conference on cashew trade with Africa and measures to ensure the supply of raw cashew for Vietnam, gathering more than 70 representatives of ministries, sectors, localities, research institutes, import-export enterprises, and processing-production facilities.
Conference discusses cashew trade with Africa ảnh 1Workers process cashew nuts for export. (Photo: VNA)
Hanoi (VNA) – The Ministry of Foreign Affairson December 13 hosted a hybrid conference on cashew trade withAfrica and measures to ensure the supply of raw cashew for Vietnam, gathering morethan 70 representatives of ministries, sectors, localities, researchinstitutes, import-export enterprises, and processing-production facilities.

The event aimed to evaluate the status quo and opportunitiesof as well as challenges facing the import of raw cashew from Africa and to discuss orientations and measures to improve the activity in the time to come.

In his opening speech, Deputy Foreign Minister Pham QuangHieu stressed that cashew trade and cooperation in cashew production andprocessing are one of the important contents for collaboration with Africancountries in the future.

Participants accessed that Africa is promoting a trend of ‘self-reliance’in politics and economy, including the development of domestic cashew productionand processing. In addition, Vietnam’s import of raw cashew from Africa is alsoaffected by poor harvests, farming techniques in African countries, thefood crisis, inflation, and competition from international importers, amongothers.

They suggested a series of measures including building asustainable chain, investing in joint ventures and association with localpartners, and establishing local offices/representatives to learn about themarket.

The world's largest exporter of finishedcashew nuts, yet Vietnam must import about 70% of raw materials for processing.Major suppliers of raw cashew for Vietnam are West African countries,Cambodia and Indonesia./.
VNA
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