Cambodia Deputy PM Praises Growing Trade Ties With Malaysia Despite Pandemic

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn has praised steadily rising commerce relations with Malaysia regardless of disruptions brought on by the COVID-19, a international ministry press assertion

PHNOM PENH, (APP – UrduPoint / Pakistan Point News – thirtieth Apr, 2022 ) :Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn has praised steadily rising commerce relations with Malaysia regardless of disruptions brought on by the COVID-19, a international ministry press assertion.

Sokhonn made the remarks throughout a gathering with a visiting delegation of Malaysian small and medium enterprises, consisting of 53 enterprise representatives and stakeholders, on Wednesday afternoon.

“The deputy prime minister expressed his appreciation for the steady inflow of foreign direct investment (FDI) from Malaysia to Cambodia and for the significant increase of bilateral trade between Cambodia and Malaysia,” the assertion mentioned.

“He emphasized and recalled the commitment of the two countries to enhancing cooperation in trade, investment, health, science and technology, and people-to-people contact with the goal of facilitating and accelerating economic recovery from the COVID-19 pandemic,” it added.

As of February 2022, Malaysia is the third largest investor amongst ASEAN (Association of Southeast Asian Nations) nations in Cambodia with 162 authorized funding tasks price 3.2 billion U.S. {dollars}, the assertion mentioned.

Bilateral commerce between the 2 ASEAN member states was recorded at roughly 500 million Dollars in 2021, a 13 p.c improve in comparison with 2020, it added.

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