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Cambodia, Brazil ink broad new agreement

Cambodia, Brazil ink broad new agreement

Cambodia signed a Memorandum of Understanding on Friday with Brazil, the largest Latin American economy, to boost cooperation in areas that include agriculture, technology and diplomatic ties, officials said.

The MoU was signed at the Ministry of Foreign Affairs by secretary of state Ouch Borith and Brazil’s External Relations Ministry’s undersecretary-general for Asia Maria Edileuza Fontenelle Reis.

Ouch Borith told reporters after the closed-door meeting that Reis said Brazil was interested in bringing investors to Cambodia.

“Reis and I agreed to boost bilateral trade and investment cooperation, and I requested that Brazil bring technology for the production of bio-gas, which is expected to help the government save energy,” Ouch Borith said.

He added that Reis had promised to encourage Brazilian investors in the automobile and bio-ethanol industries to consider Cambodia.

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