The Mirror, Vol. 14, No. 679
“Phnom Penh: The Counselor of the Economic and Commercial Section of the Chinese Embassy to Cambodia, Mr. Jin Yuan, said that according to Chinese customs statistics, within six months of 2010, the Cambodian-Chinese trade amounted to US$627 million, an increase by 37.70% compared to the corresponding period last year.
“He said in a press conference in the morning of 27 August 2010 that Cambodia is an important member of ASEAN and a neighboring country with long lasting friendship, and it has benefited from the development of a China-ASEAN free trade region. Cambodia and China has achieved fruitful results through their cooperation in economy and trade. Through such quick progress, the amount of investment between both countries this year will arise beyond the amount before the global financial crisis.
“Mr. Jin Yuan added that the export from Cambodia to China rose by as much as 108.70% compared to the same period last years. Products imported from China to Cambodia increased three times. Also, Cambodia became a major target of Chinese entrepreneurs.
“He went on to say that investments from China in Cambodia range from the textile and garment sectors to other multi-sectors, such as agriculture and the development of special economic zones. According to the Council for the Development of Cambodia, by the end of July 2010, there were 360 Chinese investment projects or 23% of all investment projects in Cambodia, and therefore, China is the top country with investments in Cambodia compared with other countries.
“He continued to say that through encouragement by the Chinese Embassy in the Kingdom of Cambodia, the Department of Supervision on Product Quality of China is discussing with the Ministry of Agriculture of Cambodia a Memorandum of Understanding about strengthening of general sanitation standards and plant sanitation, to solve the supervision of agricultural products such as rice and cassava that are exported to China. [See also China Quality Focus – a Western managed and operated company in China] He said, ‘We believe that through joint efforts of both sides, there can be solutions for the problems relating to the export of agricultural products by the Royal Government of Cambodia.’” Rasmei Kampuchea, Vol.18, #5288, 28.8.2010
This article was first published by The Mirror, Vol. 14, No. 679 - Saturday, 28.8.2010
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Norbert Klein is the Editor of The Mirror – The Mirror is a daily comprehensive summary and translation of the major Khmer language press - More about The Mirror