Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom exchanges ideas with Chinese business delegation

Kingdom exchanges ideas with Chinese business delegation

Kingdom exchanges ideas with Chinese business delegation

About 100 investors from Zhejiang, China, representing 60 companies, met with Cambodian businessmen in Phnom Penh yesterday to exchange ideas. The participants sought to boost bilateral trade between the countries.  

During a speech at the business meeting, Chinese Ambassador to Cambodia Pan Guangxue said Zhejiang is China’s third-largest exporter.

“People in Zhejiang are the most entrepreneurial in China. There are 1.5 million entrepreneurs investing abroad, of which some hundreds are already in Cambodia,” said Pan Guangxue.

“The Cambodia-China relations are the most excellent right now, so both parties should consider co-operation from today’s meeting on for their future prosperity,” he added.

The exchange was organised by the China Council for the Promotion of International Trade Zhejiang Sub-Council (CCPIT Zhejiang), the biggest foreign trade and economic co-operation promotion organisation in Zhejiang.

The delegation of 60 small and medium-size enterprises specialised in areas including agriculture, processing and manufacturing, and bio-technology manufacturing.

Cambodian Minister of Commerce Cham Prasidh highlighted Cambodia’s competitive advantages, noting its political and macro-economic stability, the country’s abundant work force and inexpensive labour costs.

Kith Meng, president of the Cambodia Chamber of Commerce, said that while the Kingdom’s poor quality of infrastructure had been the biggest constraint for business in the past, this was no longer the case.

“Significant and ongoing investment throughout Cambodia in road networks, rail systems and in power generation and transmission are improving the quality of life for Cambodians,” he said.

The meeting will have a direct impact on the business communities in China and Cambodia to deliver growth and prosperity, according to Kith Meng.

“These investments are also laying the groundwork for a significant leap forward in industry and commerce,” he added.

CCPIT Zhejiang said another business-to-business talk between delegations from both countries will soon follow.

Guangxue said yesterday that bilateral trade between Cambodia and China reached $2.9 billion last year, a 16 per cent jump from 2011.

MOST VIEWED

  • Hun Sen’s China visit ‘a good opportunity’

    Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to

  • Former chief bodyguard receives royal pardon

    The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.

  • Close to the edge: Hair raising pictures from Kulen Mountain

    A new hair raising attraction on Kulen Mountain has finally opened to the public, with people flocking to the protruding cliff edge overlooking green mountainous forests to take photographs. The giant overhanging rock is situated in an area known as Mahendraparvata – an ancient city of

  • US warned not to interfere despite successful meeting

    A senior Ministry of National Defence official said the Tuesday meeting between the US Deputy Assistant Secretary of Defence for South and Southeast Asia Joseph H Felter and General Neang Phat had helped strengthen relations between the two countries’ militaries. However, a senior Cambodian People’