Cambodia, China sign trade deal

PHNOM PENH - A Memorandum of Understanding (MoU) was signed here on Friday between the Cambodia Chamber of Commerce (CCC) and the China Council for the Promotion of International Trade (CCPIT).

The deal was inked between CCC President Kith Meng and CCPIT Chairman Jiang Zengwei during a Cambodia-China Investment Forum.

"The MoU will contribute further to enhancing trade and investment relations between the two countries," Kith Meng said.

He added that the deal would basically cover the areas of cooperation such as exchange of information, trade promotion activities, exchange of visits, experience sharing, and capacity building.

Speaking about the Cambodia-China Investment Forum, Jiang said the excellent cooperation between China and Cambodia is a solid foundation encouraging more and more Chinese investors to Cambodia.

"Enterprises play a very important role in promoting trade and investment relations between the two countries," he said. "The CCPIT is ready to encourage more Chinese enterprises to invest in Cambodia and to assist Cambodian companies wishing to do businesses in China."

He was confident that the forum would greatly contribute to developing trade and investment ties between China and Cambodia.

Jiang is leading a delegation of 47 Chinese enterprises on a visit to Cambodia.