Cambodian, Chinese Commerce Ministries Reach 6 Points of Cooperation

Cambodia and China agreed yesterday to deepen their bilateral cooperation in terms of trade and investment, said a press release of the Cambodian Ministry of Commerce AKP received this morning.

The agreement was made during the bilateral meeting between H.E. Pan Sorasak, Minister of Commerce of Cambodia, and visiting H.E. Gao Hucheng, Minister of Commerce of China, it pointed out.

According to the press release, both ministers discussed and reached six points of cooperation – China will assist the Ministry of Commerce of Cambodia to organise the 1st Cambodia-China Trade and Investment Forum to be held in Nanning City, China in September; China will consult with relevant agencies to provide tariff preferences up to 97 percent of total tariff lines Duty-Free-Quota-Free (DFGF) Scheme as soon as possible; China will consider to increase export quotas for Cambodia’s rice up to 200,000 metric tons in 2017 and encourage Chinese investors to invest in Cambodia in the areas of food processing, light manufacturing, agro-industry, etc.; China will coordinate with relevant agencies to continue the negotiations of the Protocol on the Exportation of Broken Rice, Banana, Mango, Longan, Cashew nut, Pepper, Coffee bean, and Soybean from Cambodia to China soon; China will consider the proposal from the Ministry of Commerce of Cambodia requesting for capacity building to trainers and trade research, scholarships for the Ministry of Commerce’s officials every year; and two ministries will continue to discuss technical cooperation on food safety and mobile laboratory.

Source: Agence Kampuchea Press