Republic of Korea bets on shrimp aquaculture in Sri Lanka

fish market
fish market

The Republic of Korea through the Food and Agriculture Organization of the United Nations (FAO) will invest 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.

Therefore, the project will be implemented over three years 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, and food safety. Besides, analysis of biosecurity systems and establishment of robust, disease early warning and monitoring systems will support the sustainable development of the shrimp aquaculture sector.

To palliate diseases

The spread of diseases continues to be a constant constraint to sustainable aquaculture development. Limiting yield, reducing profit, and preventing investment. So, by improving the biosecurity of the aquaculture sector, countries will grow more food efficiently. Also, increase incomes, improve resilience, and reduce vulnerability to the impacts of higher food prices and other threats to national food security.

Accordingly, the Korean Ambassador to Sri Lanka, H.E. Santhush Woonjin Jeong stated: "Sri Lanka is rich in human and natural resources. This project is a great collaboration of the resources of Sri Lanka and Korea. It will help us realize the potential of this beautiful country and achieve our common goals."

In addition, the Minister of Fisheries, Hon. Douglus Devananda added: "Similar to other countries this industry faces many issues. Diseases are the main challenge. I'm extremely grateful to the Republic of Korea and FAO for providing the financial and technical support to strengthen the aquaculture sector in Sri Lanka."

Finally, FAO Representative for Sri Lanka and the Maldives, Vimlendra Sharan concluded: "As consumers have become more environmentally conscious, the standards of the aquaculture industry has been shifting towards producing smart, green and sustainable food products. Unfortunately, most aquaculture systems are not yet fully sustainable. Investment in innovation and technology is vital to transforming the sector. FAO will work closely with the Ministry of Fisheries and all stakeholders to introduce sustainable new approaches to strengthen the aquaculture sector in Sri Lanka."

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