Cambodia, Belarus Committed to Expand Trade and Economic Cooperation

Cambodia and Belarus have expressed their commitment to boost their bilateral economic and trade cooperation, according to a press statement released recently by the Ministry of commerce.

This commitment was made at the Second Session of the Committee on Trade and Economic Cooperation between the two countries, held in late June in Minsk, the Republic of Belarus.

Both sides pledged to promote the two-way trade up to US$200 million by 2020 and reaffirmed their promise to complement each other in the areas of agriculture and industry.

At the same time, Belarus side pledged to support the development and transfer of scientific and technical knowledge to Cambodia.

This meeting was co-chaired by H.E. Ms. Tekreth Kamrang, Secretary of State for Commerce and H.E. Gennady Svidersky, First Deputy Minister of Industry of Belarus.

Belarus is situated in Eastern Europe and is a member of Eurasian Economic Union, with which Cambodia is building FTA. Remarkably, industrial sector contributes roughly 40 percent to its current GDP, and main trade lies in mineral, chemistry and machinery.

Source: Agency Kampuchea Press