Sunday 5 December 2010

Zambia urges Gulf investment in farm sector | Reuters

Zambia does not regard leasing farmland to foreign investors as a form of 'colonialism' and is encouraging Gulf countries to invest in its agricultural sector, its finance minister said on Saturday.

Foreign acquisitions of agricultural land in developing nations have provoked opposition among indigenous farmers and led the United Nations to voice concern over the lack of agreed guidelines to protect farmers rights.

But investors and governments in developing countries say that such deals usher in a 'win-win' situation by boosting food security for all parties involved.

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