Germany, PH firm to sign accord on abaca production
Germany and the Manila Cordage Company (MANCO), a Filipino abaca manufacturer and exporter, will sign an agreement on March 22 that would raise the income of abaca farmers in Panay Island while rehabilitating degraded forest land.
The Philippine News Agency, quoting GIZ – Germany’s international development cooperation company – said the public-private partnership agreement between Germany and MANCO “will promote the sustainable production, management and marketing of abaca with the goal of contributing and improving the socio-economic conditions of upland farmers.”
PNA said the project will assist marginal farmers in protecting and rehabilitating degraded forest lands through enrichment planting, assisted natural regeneration, agro-forestry and upland agriculture.
MANCO, which has been manufacturing abaca rope and twine for over 90 years, will provide the training, make high-quality planting materials available to farmers, provide funding (when applicable), and buy abaca fibers that meet its requirements.
The Philippines produces 85 percent of the world’s abaca fiber.