Hun Sen inks nine deals with China

Ben Sokhean / Khmer Times No Comments Share:
Prime Minister Hun Sen shakes hands with Chinese President Xi Jinping during the Second Belt and Road Forum in Beijing. Xinhua

Cambodia has signed a number of agreements during Prime Minister Hun Sen’s attendance at the annual Belt and Road Forum in Beijing, including the Action Plans of Shared Future and the Agreement on Economic and Technical Cooperation under Grant Aid.

Mr Hun Sen and a delegation of senior government officials have been in China since Thursday and are expected to return to the Kingdom today.

They met top Chinese leaders, such as President Xi Jinping, Prime Minister Le Keqiang, politburo member Wang Huning, and the United Nations’ Li Yong.

According to Mr Hun Sen’s Facebook page, during a sideline meeting with Mr Li, Mr Hun Sen chaired the signing of a Memorandum of Understanding on Key Projects for Cooperation on Productivity Capacity and Investment, an MoU on Mutual Support on Tax Affairs, an MoU on Cooperation on the Export of 400,000 Tonnes of Cambodian Rice to China and an MoU on Cooperation of Rectangular Strategy and Belt and Road Initiative.

Mr Hun Sen also chaired the signing of the Action Plans on Cambodia-China Community of Shared Future and the Agreement on Economic and Technical Cooperation under Grant Aid.

On Saturday, Cambodia and China signed the MoU on Framework Financing Agreement between Bank of China and Canadia Bank. The Ministry of Economy and Finance signed an MoU on Promoting Financing to Support the Production, Procurement, Processing and Export of Cambodian Agricultural Products with the Bank of China. An MoU on Tourism Cooperation 2019-2021 with the Bank of China was signed by the Tourism Ministry.

According to statement by the Council of Ministers, Mr Hun Sen praised China’s Belt and Road Initiative.

Prime Minister Hun Sen delivers a speech at the Belt and Road Forum. Fresh News

“The Premier said that the BRI has been well implemented over the last six years and it has brought along fruitful cooperation for the region and the globe,” the statement said. “This is in the context of physical infrastructure, trade and investment, as well as in the context of progress in cultural exchange between peoples by way of trade, tourism, and technology.”

The statement said Mr Hun Sen noticed an increasing number of countries taking part in the second forum and the number of countries confident in the BRI due to strong support and the promotion of peace and the economic development.

It added that the forum provides opportunities for all who believe in globalisation and encourages greater open economic cooperation based on equal footing and long term partnership for greater shared common interests.

“The BRI provides Cambodia with a great deal of social-economic development,” the statement said. “The success of the special economic zone in Sihanoukville has brought 161 foreign companies, including 148 Chinese companies.”

“Such projects in Sihanoukville has created more than 20,000 jobs,” it added. “An additional 8,000 jobs will be created during its second phase.”

According to the statement, Mr Hun Sen noted that a Cambodia-China highway project, linking Phnom Penh to Sihanoukville, will become an engine contributing to economic growth, and facilitate regional trade.

“Such a trend will also contribute to building solidarity and greater mutual understanding,” the statement said. “It will build confidence among nations in the region.”

Additionally, Mr Hun Sen on Thursday received the title of Honorary Professor of International Relations from Beijing University.

In a statement by the Government Spokespersons Unit, it said that the title was given due to Mr Hun Sen’s ability to garner peace, stability and prosperity to the people of Cambodia.

“Such a title reaffirms the recognition of the capability of the Prime Minister’s strategic leadership in globalisation, in which he has transformed Cambodia from isolation into an independent, sovereign and unified state,” it said.

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