Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom, Hong Kong boost ties

Kingdom, Hong Kong boost ties

Economic cooperation between Cambodia and Hong Kong is on the rise, while the introduction of a new visa extension is also evidence of strengthening relations, officials say.

“We see growing trade ties between Hong Kong and Cambodia, with the average annual growth rate at nine per cent from 2008 to 2012,” Ngai Fong, director of the Singapore-based Hong Kong Economic and Trade Office said yesterday.

He added that Hong Kong was Cambodia’s sixth largest trading partner and is the fifth largest source of imports in 2011.

In Cambodia, there are 56 Hong Kong-owned garment and footwear factories, employing some 35,000 workers.

According to figures from the Singapore office, bilateral trade between Cambodia and Hong Kong amounted to $879 million last year, an 18 per cent increase from the year earlier. On June 1, Cambodian officials will be able to travel to Hong Kong without a visa and stay for 14 days under a new exemption agreement designed to promote trade and development.

0

Comments

Please, login or register to post a comment

Latest Video

Explore the durian and rubber farms of Kampong Cham

Take a drive north of Kampong Cham, past the dirt roads and the dense greenery.

Kem Sokha talks politics, power and Hun Sen

Kem Sokha, leader of the Cambodia National Rescue Party, sat down with The Post’s Alex Willemyns and Mech Dara to discuss his supporters’ initial disappointment with this year’s

The final results from the National Election Committee for the June 4 commune elections show the Cambodian People’s Party taking 1,156 communes to

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s