Philippine President Arroyo will meet with Saudi Minister of Agriculture Fahd Bin Abdulrahman Balghunaim to discuss bilateral agricultural projects and with members of the Saudi business community for talks on proposals for investments in the Philippines.
Saudi Arabia announces the launch of Agroinvest, which will focus on farm acquisitions abroad to grow wheat, rice, soybeans and other crops in Brazil, Vietnam, Indonesia, Philippines, Pakistan and Turkey
"It appears that offering our lands to foreign investors has always figured in the official agenda of Arroyo’s numerous state visits to other countries since assuming office, presumably in line with her "2 million hectares agribusiness development program," Anakpawis party-list Rep. Rafael Mariano of the Philippines said
The wheat farms in Sudan & Uganda are not Egypt’s first foray into overseas farming — the government operates a corn farm in Zambia, a rice farm in Niger, a vegetable farm in Tanzania and plans 14 more farms across Africa — but they are significant because they are among the first efforts to address wheat scarcity after the instability of 2008.
Two House of Representatives committees were urged to conduct a joint investigation into the alleged anomalous lease contracts granted to Japanese and Korean investors involving vast tracks of lands in Northern Luzon and Mindoro provinces.
The Philippine Chamber of Commerce and Industry is backing the government’s policy of allowing foreign investments in the country’s big plantations, as long as the investors do not violate Philippine laws.
"We would also like to know why this government has been so aggressive in pushing these lease deals of our farmlands to the rich countries," Philippines Senate President Pro Tempore Jinggoy Ejercito Estrada said.