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New trade centre opens in Hangzhou

Sok Chan / Khmer Times Share:
A file photo shows a market street in Hangzhou. Wikimedia/tela88 CC BY SA

Cambodia recently unveiled a new commercial centre in Hangzhou, the capital city of China’s Zhejiang province, to promote Cambodian products and bolster trade between Cambodia and the Chinese province.

Ministry of Commerce spokesman Long Kem Vichet said the new trade centre will introduce Cambodian products to Chinese consumers.

“Through this centre, more Cambodian products will be made available to Chinese people and will give us the opportunities to expand our share of the Chinese market,” Mr Vichet said.

“The centre will also provide information to Chinese investors and businessmen regarding the investment environment in Cambodia,” he added. 

Chhoun Dara, a secretary of state at the Ministry of Commerce who presided over the inauguration ceremony for the new commercial office, said the new space will play a key role in promoting Cambodian products abroad and informing Chinese investors about the Cambodian market.

“The goal is to attract investors from Hangzhou as well as to discuss the possibility of a direct flight from Hangzhou to Phnom Penh and Siem Reap,” he said.

Cambodia already has commercial offices in Macau, Nanning, Guangzhou, Beijing, Xi’an and Shanghai.

Trade between Cambodia and China was $4.8 billion in 2016, up 7.4 percent compared with the previous year.

China’s total investment in Cambodia was $11.8 billion in 2016, accounting for 34.3 percent of Cambodia’s total foreign investment.

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