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Korea to invest USD 1.2 Mn on shrimp aquaculture

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COLOMBO (News 1st) – The Republic of Korea through the Food and Agriculture Organization of the United Nations is investing USD 1.2 million to strengthen shrimp aquaculture in Sri Lanka.

The investment is part of a global project implemented by FAO in Sri Lanka with a total investment of USD 3.9 million.The project will be implemented over a three-year period to ensure effective biosecurity in shrimp aquaculture through digital technology.

Through the project, FAO will build national capacity on various aspects of health management, biosecurity, food safety, and analysis of biosecurity systems and establish robust, disease early warning and monitoring systems that will support the sustainable development of the shrimp aquaculture sector.The spread of diseases continues to be a constant constraint to sustainable aquaculture development, limiting yield, reducing profit and preventing investment.

Improving the biosecurity of the aquaculture sector will enable countries to grow more food efficiently, increase incomes, improve resilience, and reduce vulnerability to the impacts of higher food prices and other threats to national food security.Speaking at the inception of the project, the Korean Ambassador to Sri Lanka, Santhush Woonjin Jeong stated “Sri Lanka is rich in human and natural resources.

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