Logo of Phnom Penh Post newspaper Phnom Penh Post - Agenda drafted for key Cambodia-Turkey economic meet

Agenda drafted for key Cambodia-Turkey economic meet

Content image - Phnom Penh Post
Commerce ministry secretary of state Tekreth Kamrang presides over the August 24 inter-ministerial gathering at her ministry. COMMERCE MINISTRY

Agenda drafted for key Cambodia-Turkey economic meet

The Kingdom has identified a number of key priority areas to be addressed at the third meeting of the Cambodia-Turkey Joint Economic Commission (JEC) to be held in October seeking to deepen bilateral cooperation and to maximise benefits, according to an August 24 commerce ministry statement.

The draft agenda for the meeting was discussed at an August 24 inter-ministerial gathering presided over by Ministry of Commerce secretary of state Tekreth Kamrang and attended by leaders and experts of the ministry and 12 other institutions, the statement noted.

The key priority areas for the October meeting that were listed on the joint minutes of the gathering included trade, investment, business, industry, science, technology and innovation, halal affairs, small- and medium-sized enterprises, agriculture, transportation, civil aviation, health, education and tourism, it added.

Cambodia Chamber of Commerce (CCC) vice-president Lim Heng stressed that the number of agreements between the two countries makes it imperative to hold such key economic meetings and discuss steps to improve cooperation and potentially advance bilateral trade beyond their historically low levels.

According to the commerce ministry statement, bilateral trade between Cambodia and Turkey reached $462.63 million in the five years from 2017-2021, with last year alone accounting for $90.63 million, which had risen by 2.06 per cent over 2020, despite Covid. This means that the annual average from 2017-2019 was a bit higher at $94.4 million.

Major Cambodian exports to Turkey comprise garments, textiles, footwear, travel goods, milled rice, and umbrellas while key imports include machinery, pharmaceuticals, glass panels, iron and steel, and plastics, it said.

Heng said the Cambodia-Turkey JEC’s third meeting would explore additional channels to diversify and expand trade between the Kingdom and the regional business hub he claimed has emerged as an attractive destination to the Cambodian export community.

He suggested that there is “great potential” for Cambodian players to connect with Turkish businesspeople and promote investment in the Kingdom. Heng also shared that on a visit to Turkey in February, the CCC met with the transcontinental country’s business community and invited them to Cambodia to explore investment opportunities.

The CCC vice-president made the case for Cambodia as a valuable trading partner, explaining that the Kingdom: trades with a multitude of countries; enjoys preferential trade arrangements with the US, UK and EU; has entered into bilateral free trade agreements with China and South Korea; and is a signatory of the Regional Comprehensive Economic Partnership (RCEP) – the world’s largest trade pact.


  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Manet touches down in Beijing for high-level meetings

    Prime Minister Hun Manet arrived in Beijing on September 14 for his first official visit to China, where he is slated to attend the 20th China-ASEAN Expo and meet other leaders including Chinese President Xi Jinping. Upon his arrival, Manet laid a wreath at the Monument