More than 30 Indonesian companies are in Phnom Penh to attend trade events, look for investment opportunities and find local partners.
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The companies from the archipelago country attended yesterday a business conference named ‘Indonesia-Cambodia Business Meeting’, and today will partake in the Indonesia Trade and Tourism Promotion (ITTP) fair.
Kicking off today, the ITTP fair will be held over three days at Phnom Penh’s Diamond Island Exhibition and Convention Centre.
Speaking during yesterday’s business conference, Sudirman Haseng, Indonesia’s Ambassador to Cambodia, said bilateral relations, particularly in trade, are improving steadily. Last year, $542 million worth of goods were exchanged between Indonesia and Cambodia, the ambassador said.
In the first half of 2018, trade equaled $318 million, an increase of 8 percent, he said.
“To increase trade between our two countries requires a strong commitment and spirit from like-minded business people. I can see these qualities in the Indonesians that are currently here as well as in Cambodians,” Mr Haseng said.
“I would like to encourage all businesspeople from Indonesia and Cambodia to explore investment and partnership opportunities, expand their network, and communicate sincerely so that everyone can make the most out of our relation,” he added.
Tan Yuvaroath, deputy director general of the General Directorate of Trade Promotion, said a number of industries in the Kingdom are very attractive to Indonesian investors, particularly electronics assembly, food processing, garments, and light manufacturing, among others.
“This meeting will show the companies what the local market needs and how they can fill that demand,” Mr Yuvaroath said.
Nguon Mengtech, director-general of the Cambodia Chamber of Commerce, said trade between the two nations is growing rapidly, with more and more Indonesians eyeing the Kingdom’s market.
“What we need now is a direct flight connecting both countries. This should be a priority,” he said.