Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodian products find warm welcome at Asean-China expo

Cambodian products find warm welcome at Asean-China expo

Cambodian products find warm welcome at Asean-China expo

HUNDREDS of Cambodian products were well-received at the fifth annual China-Asean Expo (CAEXPO) in Nanning, China, and have helped to promote bilateral trade between the two countries, Minister of Commerce Cham Prasidh told the Post Sunday after returning from the Middle Kingdom.

"Some of the Cambodian goods on display will now be exported and sold in China as a result of the exhibition," Cham Prasidh said at Phnom Penh International Airport after returning with Prime Minister Hun Sen and a number of other high-ranking officials who attended the Asia-Europe (ASEM) meeting in Beijing. "China has many plans for investment in Cambodia," he added.

According to Cham Prasidh, local and foreign investment in the first eight months of the year - excluding that committed to  Special Economic Zones - totalled US$8.9 billion, compared with last year's figure of $2.7 billion.

"China remains the first country to invest in Cambodia, this year China has invested more than $1 billion," he said.

"The Chinese government is planning to invest in some mega-projects in Cambodia and they are also encouraging Chinese companies to invest as well."

Cham Prasidh also said the ASEM meeting had not been overshadowed by Cambodia's territorial dispute with Thailand.

"I do not think [the dispute] will affect the economic trade between neighbours and it will return to normal soon," he said.

"Both prime ministers met in Beijing to promote cooperation," he added.

The expo, which ended Saturday and was sponsored by China and the Association of Southeast Asian Nations, is the only international trade fair devoted to the China-Asean Free Trade Area (CAFTA).

More than 80 Cambodian companies attended.

Mao Thora, secretary of state at the Ministry of Commerce, told the Post the expo was key to attracting Chinese investment.

ADDITIONAL REPORTING KAY KIMSONG

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,