The ASEAN Guidelines on Promoting Responsible Investment in Food, Agriculture and Forestry
The ASEAN Guidelines on Promoting Responsible Investment in Food, Agriculture and Forestry were prepared for the Association of Southeast Asian Nations (ASEAN) Secretariat and were adopted in October 2018 by ASEAN Ministers on Agriculture and Forestry (AMAF) during their annual meeting, held that year in Hanoi, Vietnam.
The guidelines are designed to help ensure that “investments in agriculture meet global standards and promote responsible and sustainable development.” They are also geared toward driving greater inflows of foreign direct investment into the region while accounting for the varying situations and responsibilities of smallholder farmers, small and medium-sized enterprises, and large-scale agriculture and forestry enterprises.
The voluntary guidelines are grounded in the Committee on World Food Security's Principles for Responsible Agriculture and Food Systems (CFS-RAI) but have been adapted to reflect the specificities and characteristics of ASEAN member states.
The primary purpose of the guidelines is the promotion of “investment in food, agriculture and forestry in the ASEAN region that contributes to regional economic development, food and nutrition security, food safety and equitable benefits, as well as the sustainable use of natural resources.” They also name a series of related objectives looking at national and regional dynamics, policy approaches and frameworks.
These guidelines were prepared for the ASEAN Secretariat with the technical support of the International Institute for Sustainable Development, made possible by the financial support of Grow Asia and the Swiss Development Corporation. They can be viewed in their entirety on the Grow Asia website.
Background: The ASEAN context
The ASEAN member states are Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Dating back to 1967, the regional grouping includes countries at varying levels of economic development, with significant gaps between older members of ASEAN and newer entrants into the coalition. ASEAN member states are currently pursuing a regional integration agenda aimed at making the region more economically competitive, known as the ASEAN Economic Community Blueprint 2025, and which includes food, agriculture and forestry as “priority integration sectors.”
The region’s countries are significant agricultural exporters and have abundant agricultural resources to draw from for both subsistence and export purposes, even as they grapple with persistent problems of severe food insecurity and undernourishment: according to the Food and Agriculture Organization of the United Nations, 82.2 million people in Southeast and East Asia were experiencing severe food insecurity in 2017, an increase from 75.1 million the year prior and 48.9 million in 2015.
ASEAN member states are also among those economies that are expected to feel some of the earlier effects of climate change due to their geographic characteristics, which could have worrisome implications for the region’s medium- and long-term food security. In a 2014 assessment report, the Intergovernmental Panel on Climate Change warned that countries in Asia could see agricultural productivity worsen as a result of climate change, while qualifying that the impact could vary by country and crop.
The guidelines are part of a broad range of ASEAN initiatives aimed promoting responsible and sustainable investment in food, agriculture and forestry to help achieve food and nutrition security and create economic growth and opportunities, while responding to the global challenge of climate change.
ASEAN Guidelines for Responsible Investment in Food, Agriculture and ForestryThese guidelines, adopted by ASEAN Ministers on Agriculture and Forestry, focus on promoting responsible investment in the region's food, agriculture and forestry sectors. Read More