Cambodia-Malaysia Bilateral Trade Reaches US$400 Million in First Semester

The two-way trade between Cambodia and Malaysia rose to more than US$400 million in the first half of this year, while the figure was recorded at only US$500 million in the whole year of 2018.

Anyway, the volume of bilateral trade is still limited, according to the Premiers of both countries - Samdech Akka Moha Sena Padei Techo Hun Sen of Cambodia, and H.E. Dr. Mahathir Mohamad of Malaysia - and they vowed to find new ways to expand the bilateral cooperation in this sector.

"The Leaders encouraged both sides to continue exploring innovative ways and measures to strengthen cooperation in the fields of trade and investment. Both countries are committed to facilitating the necessary actions to increase bilateral trade and investment between the two countries," stressed a joint statement released after the joint press announcement by both Prime Ministers, held here at the Peace Palace this morning.

Both leaders expressed satisfaction at the continued progress made by both public and private sectors in boosting trade and investment, said the same source, continuing that the Cambodian government welcomes Malaysian businessmen to explore opportunities in Cambodia, especially in the areas of agriculture, education, tourism and infrastructure.

"The Malaysian government encourages the private sector to enhance the position in expanding trade through collaboration in Cambodia's long-term development projects. The Malaysian government is also committed to accelerating trade via cross-border initiatives within ASEAN and the digital platforms such as e-commerce," added the joint statement.

Source: Agency Kampuchea Press