The Kingdom of Cambodia and the Islamic Republic of Pakistan have reached a Memorandum of Understanding (MoU) on the Establishment of a Joint Trade Committee.
The MoU was signed here at the Ministry of Commerce this morning between H.E. Mrs. Cham Nimul, Minister of Commerce, and H.E. Zaheeruddin Babar Thaheem, Ambassador of the Islamic Republic of Iran.
According to the ministry’s news release, speaking at the signing ceremony, H.E. Minister mentioned that this MoU will significantly contribute to the elevation of the two countries’ relations, particularly on trade and economic cooperation.
The Joint Trade Committee established under this MoU will serve as a mechanism that allows both sides to explore ways to create favourable conditions for businesses and investors and to boost economic diversification, expand production bases, and foster bilateral trade, she underlined.
With the establishment of the Joint Trade Committee, Cambodia and Pakistan will work together and actively engage the private sectors,
including Chambers of Commerce and Business Associations, to, amongst other things, promote trade and economic activities, exchange information on trade, promote small and medium enterprises, and enable standardisation, technical regulation, and conformity assessment procedures for SPS (sanitary and phytosanitary) and TBT (Technical Barriers to Trade) measures/regulations to streamline exports.
Source: Agence Kampuchea Presse