The Department of Agriculture (DA) and the Korea International Cooperation Agency (KOICA) have signed two grant agreements totaling USD16 million (₱886 million), marking a significant policy step in advancing sustainable livelihood in the country’s agricultural sector.
The agreements, finalized days earlier by Agriculture Secretary Francisco Tiu Laurel Jr. and KOICA Country Director Jung Youngsun, target two regions with separate but complementary initiatives.
A USD10 million, seven-year project in Guimaras will focus on aquaculture development, aiming to raise fisherfolk incomes through enhanced production capacity and value chain integration. Planned interventions include infrastructure like hatchery systems, advanced technology transfer, and cooperative business models.
Meanwhile, a USD6 million, six-year initiative in Central Luzon will support community-based agribusiness for marginal farmers. Key components include establishing an Agribusiness Incubation Center in Zambales and upgrading a DA facility in Tarlac, alongside extensive training and input support.
The DA emphasized the policy relevance of the partnership, stating it aligns with national goals of rural development and agricultural modernization. KOICA has previously extended over USD20 million in agriculture grants to the Philippines, underscoring its long-term commitment to sectoral cooperation.
