UNCTAD Chief Calls for Responsible Farm Investments

There is an urgent demand for responsible agriculture investments in the developing world to simultaneously address food security and long-term development needs, said Supachai Panitchpakdi, secretary-general of the United Nations Conference on Trade and Development. “We also have to recognize that the actual amount of [foreign direct investments] in the [agricultural] sector is still low, and that potential risks, such as land grab, may pose serious threats to developing country farmers,” Supachai said during a five-day UNCTAD meeting that explores the role of states in fostering efficient public investments. National governments, Supachai said, must come up with comprehensive measures to ensure that foreign direct investments benefit economies and agricultural sectors. He also pushed for the creation of a global set of principles for agricultural investments of transnational firms.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.