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Budget 2011 - FOMCA’s Proposals |
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Written by Administrator
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Thursday, 02 September 2010 22:03 |
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To enhance consumer protection and consumer welfare, FOMCA proposes the following actions:
Enhancing Food Security In the year 2005, the country’s food import was recorded at RM 17.7 billion while the food export amounted to RM 10.6 billion, translating into a deficit of RM 7.1 billion in the Balance of Trade in Food Stuff. For its food requirements, Malaysia relies heavily on imports for the growing food demand.
Two systemic factors contributing to low food security in Malaysia, is the underinvestment in agriculture as well as the lopsided policy towards export crops at the expense of food crops.
- Two ensure food security in the long-term FOMCA suggests:
- Increase in public spending for agriculture and food
- Development of “idle” land through land consolidation
- Enhancement of credit facilities, especially for small farmers
- Focusing on Research and Development to enhance food productivity
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Last Updated on Thursday, 02 September 2010 22:03 |
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