King Norodom Sihamoni promulgated a law that provides reciprocal protection of investments between Cambodia and Belarus, according to an announcement on a government website.
The new legislation is expected to increase trade and investment. Trade between Cambodia and Belarus topped $9.9 million in 2014, according to government data.
Major Belarusian exports to Cambodia include tractors and their spare parts, fertilisers and tyres. Cambodia’s chief exports to Belarus are agricultural products, textiles and footwear.
Last year, a joint tractor-making factory opened in Cambodia.
Contact PhnomPenh Post for full article
Post Media Co LtdThe Elements Condominium, Level 7
Hun Sen Boulevard
Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia
Telegram: 092 555 741
Email: [email protected]