Logo of Phnom Penh Post newspaper Phnom Penh Post - Bangladesh PM and Hun Sen sign 10 deals

Bangladesh PM and Hun Sen sign 10 deals

Cambodian Prime Minister Hun Sen and Bangladeshi Prime Minister Sheikh Hasina at the Peace Palace on December 4.
Cambodian Prime Minister Hun Sen and Bangladeshi Prime Minister Sheikh Hasina at the Peace Palace on December 4. Photo supplied

Bangladesh PM and Hun Sen sign 10 deals

Cambodia and Bangladesh made a fresh push yesterday to revive bilateral trade initiatives, with the two leaders of the countries signing nine memoranda of understanding (MoUs) and one agreement in support of trade, economy, investment and technical cooperation initiatives.

The 10 deals are expected to enhance bilateral ties and strengthen economic cooperation between the two developing countries.

The signing of the deals follows Bangladeshi Prime Minister Sheikh Hasina’s first official state visit to Cambodia, where she met with Prime Minister Hun Sen.

“Our discussions had very fruitful results which I consider as an important part of the work we need to do together as developing countries,” Hun Sen said during a press conference following the signing ceremony.

The nine MoUs are focused on strengthening labour and vocational training initiatives, increasing tourism and investment, supporting the fisheries industry and establishing a joint trade council.

An agreement of cooperation was signed between Shafiul Islam, president of the Federation of Bangladesh Chambers of Commerce and Industries, and Kith Meng, president of the Cambodian Chamber of Commerce.

“I believe that the signing of MoUs on the joint trade council and the agreement between our two apex chambers will contribute to boosting bilateral trade and investment,” said Hasina during the press conference.

Bangladesh’s ambassador to Thailand and Cambodia told The Post earlier this year that trade between the two nations remained relatively low, amounting to just $6.7 million annually.

Additionally, in August the two countries signed an MoU for the shipment of 1 million tonnes of Cambodian rice over the next five years that has yet to materialise.

MOST VIEWED

  • Kem Sokha’s daughters slam ‘liar’ Sam Rainsy over ‘smears’

    The daughters of former opposition leader Kem Sokha hit out at Sam Rainsy on Tuesday, accusing the newly nominated “acting president” of the Cambodia National Rescue Party (CNRP) of leading a “smear campaign” against their father and “repeatedly lying to the public”. The Supreme Court-dissolved

  • US Embassy urges reconciliation

    The US has urged Cambodia to restore the independence of the media, drop charges against Kem Sokha and other political prisoners, and end the prohibition of political activity by opposition parties. However, senior government officials see the request, issued by US embassy spokesman Arend C

  • ‘Tolerant’ PM calls for ‘unity’

    In his message on celebrating the 40th anniversary of the Kampuchean United Front for National Salvation, known by its French acronym FUNSK, Prime Minister Hun Sen said for the sake of unity in the Kingdom, he is “tolerant” to those who “acknowledged their mistakes”, and

  • Sam Rainsy named ‘acting president’ in ‘Kem Sokha absence’

    Sam Rainsy was nominated “acting president” of the Cambodia National Rescue Party (CNRP) as the curtain fell on the two-day international conference the former opposition party held in the US over the weekend, a move supporters of the previous leader Kem Sokha blasted as “unacceptable”.