to strengthen the duality trade To about $1 billion (TL 18.78 billion), Cambodia has sought investments from Turkey. in Farming, storage and processing facilities for Exports to the European Union and other countries.
during the meeting in The Cambodian capital, Phnom Penh on Wednesday, Cambodian Prime Minister Hun Sen and Turkish Minister for Agriculture and forestry, Waheed Kirishi discussed bilateral relations and ways to boost investment between the two countries countries.
Kirisci is leading Turkish delegation, including Turkish MP Serap Yasar, to attend the two-day Turkey-Cambodia Joint Economic Commission (JEC) meeting. in Phnom Penh.
Sen invited Turkish investors to invest in processing units in Cambodia creating a network to purchase Products from Cambodian farmers and build Warehousing facilities to promote exports to Turkey and others countries.
“The kingdom of Cambodia and the Republic of Türkiye will strengthen alreadySigning cooperation agreements and expanding their bilateral cooperation to many other potential sectors,” the Cambodian State-run AKP News reported.
Yang Sovalith, Assistant Prime Minister of Cambodia, said: “Potential areas for Cooperation between Cambodia and Turkey includes agriculture and agro-industrialization for Export, Aquaculture, Agricultural Machinery, Construction, Information Technology, Food Processing & Halal Food, Education, Direct Aviation, and beyond.”
Krishi’ was positive about it with expansion of Cooperation between the two countries and bilateral countries trade The volume will reach 1,000 million dollars a year,” the report added.
couple trade
the current couple trade Between the two transcontinental countries it rose to $462.63 million in the past Five years until 2021 trade the sound in the first 11 months last year amounted to 136.149 million dollars, an increase of 63.6% annually.
Sen said both sides should “Considered double Tax agreement to encourage more investors. “
She was last In February, Foreign Minister Mevlut Cavusoglu and his Cambodian counterpart Barak Sokhon signed an “Agreement on avoidance of Double taxation and prevention of financial evasion.
The two countries established diplomatic relations on November 7, 1959.
after he met with Sen, Krishi said on Twitter: “We will continue work in same spirit of Brothers with Cambodia, a friendly and brotherly country, to increase and develop cooperation between the two countries countries. “
The “strategic gateway” to the European Union
Cambodian companies consider Turkey a “strategicly located gateway”. for domestic companies to penetrate the EU and other neighboring markets,” according to the Phnom Penh Post daily.
In the run-up To the two-day Joint Economic Commission meeting starting on Tuesday, the Ministry of Cambodia of trade, together with 14 inter-relevant inter-ministerial institutions, was last discussed the weekhow to best Benefiting from the bilateral relations between Cambodia and Turkey, in Line with the post- COVID-19 Economic Recovery of both peoples.”
The discussions covered several priority areas, incl tradeinvestment, businessindustry, science and technology Halal innovation and affairs small- And medium-sized companies, agriculture, transportation, civil aviation, health, education and tourism, according to the ministry.
Lim Heng, Vice President of Cambodia Chamber of Trade”, he praised Turkey as promising market for Cambodian goods and potential starting point for access Other European and Asian markets.
Describing Turkey as an “economic hub,” he said: “Both countries They put foundation for expansion of bilateral economic relations.
Hit an optimistic note to build on The agreement between Sen and President Recep Tayyip Erdoğan, Heng said: “We can look further in strengthening economic cooperation. great Possibility to come and invest more in Cambodia. They urged the Cambodian Chamber of trade for help more of trade Links.”
