Singapore is considering increasing imports of Cambodian agricultural products, according to the Ministry of Commerce.
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During an official visit to Singapore on Tuesday, Commerce Minister Pan Sorasak met with Chan Chun Sing, Singapore’s Minister of Trade and Industry.
According to a post on the Ministry of Commerce’s Facebook page yesterday, the two officials discussed boosting bilateral trade, particularly by increasing the number of agricultural goods that Singapore buys from Cambodia.
“Cambodia could export a lot of products to Singapore but currently it exports only a small amount,” Mr Chun Sing was quoted as saying in the post.
Mr Chun Sing said that by strengthening cooperation on trade between the two countries, Singapore could increase its purchases of vegetables, fruits, fish, seafood and meat.
Mr Sorasak told Mr Chun Sing about several Cambodian products that could find a market in Singapore, including Kampot pepper, Kampong Speu palm sugar, Koh Trong pomelo, mango, and milled rice.
The Cambodian minister noted that enhancing trade cooperation with Singapore is in line with the Asean policy of boosting regional trade.
Singapore is one of Cambodia’s top five trading partners. In 2017, bilateral trade was valued at $3 billion.
That year, Singapore was Cambodia’s second-largest investor with more than $250 million in approved fixed-asset investments.