cellcard cellcard

Expo offers Chinese trade

Chea Vannak / Khmer Times Share:
Cambodian bananas ready to be exported made possible by trade opportunity. KT/Chor Sokunthea

A three-day China-Asean Expo-Cambodia Exhibition between March 30 and April 1 is to be organised in Phnom Penh, with the aim of increasing trade between China and Cambodia.

The expo is to be held because Cambodia holds the honorary chairmanship of the 15th Asean-China Expo in Nanning City, Guangxi province, in September.

Co-organised by Ministry of Commerce and Guangxi Autonomous Region, the expo, which is being held for the first time in Cambodia, will feature of 440 booths with 290 companies from Cambodia and China to showcase products.

Officials said yesterday that machinery and equipment, electronics and electrical appliances, light industrial, agro-based products and foodstuffs, high-tech, and tourism investment cooperation would be the main products in the expo.

About 50 of the companies are local entrepreneurs and the rest are from China, Seang Thay, director-general of Trade Promotion Department at Ministry of Commerce, said.

He said that none of companies taking part in the first exhibition was from Asean countries.

The China-Asean Expo-Cambodia Exhibition 2018 was designed to contribute to strengthening cooperation on the economy, trade and culture, particularly to provide opportunities for investment and trade for Cambodia and China, Mr Thay said.

“Through the trade fair, bilateral trade relation will be enhanced because it will not only provide chances for traders to showcase their products, but it will also provide a platform for business matching,” he said.

On the sidelines of the exhibition, trade-matching meetings and investment programs will take place.

Mr Thay said this would provide a platform for Chinese investors to meet local partners for investment cooperation in Cambodia.

Chen Min, senior officer at the expo affairs unit in Guangxi, said this was the first exhibition the Asean-China expo secretariat had conducted in Cambodia.

It was part of the promotion of trade cooperation between Cambodia and China under the One Belt One Road initiative.

“The exhibition will play an important role to enhance the cooperation on trade and investment between Guangxi Zhong Autonomous Region and Cambodians,” Mr Chen said.

Trade between Cambodia and Cambodia was worth nearly $6 billion last year, Mr Thay said, but Cambodia’s exports to China were flat.

Mr Thay said Cambodia would have 140 booths for entrepreneurs to showcase their products among products from other Asean countries to lure Chinese people.

Previous Article

New shopping mall in two years

Next Article

Czech cabinet backs referendum bill against Czexit