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Minister of Commerce Urges China to Continue to Support and Facilitate the Import of Cambodian Dried Cassava

PHNOM PENH: The Minister of Commerce has requested the Chinese side to continue to support and facilitate the import of Cambodian dried cassava to the Guangxi Zhuang Autonomous Region and to further encourage Chinese companies to continue to prepare a memorandum of understanding on the import of rice, corn, mango and banana and other potential Cambodian products to the Chinese market, especially to the Guangxi Zhuang Autonomous Region.

The request of the Minister of Commerce, Pan Sosak was made during the signing ceremony on Trade Promotion Cooperation between the General Department of Trade Promotion of the Ministry of Commerce and the Department of Commerce of the Guangxi Zhuang Autonomous Region of the People's Republic of China. Remote video recording under the chairmanship of HE LAN Tianli, Governor of the Guangxi Zhuang Autonomous Region of the People's Republic of China on 24 February 2022.

The Minister has said that the bilateral trade cooperation between Cambodia and China has been continuously strengthened and expanded due to the visionary leadership and cooperation spirit of the two top leaders, as well as the signing of the Accession Agreement. The two countries' comprehensive strategic partnership in 2010, the ASEAN-China Free Trade Agreement, the RCEP Agreement and the Cambodia-China Bilateral Free Trade Agreement, all of which paved the way for a strategic partnership and boosted economic and trade cooperation between the Kingdom of Cambodia and the People's Republic of China. In fact, in 2021, the bilateral trade volume between Cambodia and China reached 11.19 billion US dollars, an increase of about 38% compared to 2020.

According to the Minister, the signing ceremony of the Memorandum of Understanding and Memorandum of Understanding between the General Department of Trade Promotion of the Ministry of Commerce and the Department of Commerce of the Guangxi Zhuang Autonomous Region of the People's Republic of China was as follows: Memorandum of Understanding on the Promotion of Trade Promotion Cooperation between the Department of Commerce of the Guangxi Zhuang Autonomous Region of the People's Republic of China and the General Department of Trade Promotion of the Ministry of Commerce of the Kingdom of Cambodia. Second, the contract to buy and sell dried cassava between Guangxi Rural Investment Group Agricultural Products Business Service Company. And Hang Harvest Agriculture Company. Third: Memorandum of Understanding on Dried Cassava Trade between Guangxi Rural Investment Group Agricultural Products Business Service Company and Hang Harvest Agriculture Company Fourth: Memorandum of Understanding on Dried Cassava Cooperation 2022 by Guangxi Rural Investment Group Company, Yuhua Hongda Agriculture Development Company and Hang Harvest Agriculture Co., Ltd.

The Governor of Guangxi Zhuang Autonomous Region has congratulated and fully supported the trade promotion cooperation between the General Department of Trade Promotion of the Ministry of Commerce and the Commerce Department of the Guangxi Zhuang Autonomous Region of the People Republic of China.

He has also confirmed that Prime Minister Hun Sen has led a Cambodian delegation to the China-ASEAN Expo and the China-ASEAN Trade and Investment Summit on several occasions strongly promoted exchanges and cooperation between Cambodia and Guangxi. In 2021, the trade volume between Cambodia and Guangxi reached 1.05 billion yuan, an increase of 63.8 percent. The total contract investment of $89 billion USD. He has stressed that as a gateway for cooperation between China and ASEAN, the Guangxi Zhuang Autonomous Region has actively promoted economic and trade cooperation with Cambodia and other ASEAN countries, with fruitful results.



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