Cambodian government was asked to legalize its fish exports to generate more state revenue, local media reported on Monday.
Economists and lawmakers here agreed during a seminar on reducing poverty through agricultural and commercial development, that the fishery sector has traditionally played an important role in the nation's economy, Business Press reported.
The role, they acknowledged, could be more active and increase state revenue, if most fishery exports were legalized.
Currently, agriculture contributes 30.1 percent to the country's gross domestic product (GDP), of which 9.3 percent and 14.2 percent go to fishery and agricultural products respectively.
Cambodia's fishery products are not only supplied for the local market, but also exported overseas in large quantities.
Between 1993 and 2004, Cambodia caught an average of 274,000 tons of fish annually, of which 87 percent were kept for local consumption and the rest transported to Thailand, Vietnam, China and Singapore. According to EIC (the Economic Institute of Cambodia) economist Neak Samsen, most of the exports were illegal.
"If the export does not occur unofficially, then the government will be able to earn more revenue and, at the same time, this sector will also be able to create more jobs," he added.
Based on his observations, Neak Samsen maintained that fish exports could earn between 30 million U.S. dollars and 40 million dollars per year, employing nearly 380,000 people.
Approximately a million Cambodian people are living directly with fishery activities, and about 2.3 million benefit indirectly.
Source: Xinhua
Economists and lawmakers here agreed during a seminar on reducing poverty through agricultural and commercial development, that the fishery sector has traditionally played an important role in the nation's economy, Business Press reported.
The role, they acknowledged, could be more active and increase state revenue, if most fishery exports were legalized.
Currently, agriculture contributes 30.1 percent to the country's gross domestic product (GDP), of which 9.3 percent and 14.2 percent go to fishery and agricultural products respectively.
Cambodia's fishery products are not only supplied for the local market, but also exported overseas in large quantities.
Between 1993 and 2004, Cambodia caught an average of 274,000 tons of fish annually, of which 87 percent were kept for local consumption and the rest transported to Thailand, Vietnam, China and Singapore. According to EIC (the Economic Institute of Cambodia) economist Neak Samsen, most of the exports were illegal.
"If the export does not occur unofficially, then the government will be able to earn more revenue and, at the same time, this sector will also be able to create more jobs," he added.
Based on his observations, Neak Samsen maintained that fish exports could earn between 30 million U.S. dollars and 40 million dollars per year, employing nearly 380,000 people.
Approximately a million Cambodian people are living directly with fishery activities, and about 2.3 million benefit indirectly.
Source: Xinhua
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