Kingdom preps for China trade center

May Kunmakara / Khmer Times No Comments Share:

Cambodia plans to open a trade center in China this year and the Commerce Ministry is hoping the initiative broadens economic relations and cultural exchange.
 
Soeng Sophary, spokeswoman for the Commerce Ministry, told Khmer Times that a group of delegates from the ministry are currently in China’s Shaanxi province to meet with the governor there about plans for the center.
 
“Right now, our minister is having a meeting with local Chinese officials in order to work with them on what the government’s offer is since President Xi Jinping came to our country and offered us a place for the center,” she said.
 
“Actually, we already have a commercial counselor’s office in Nanning where we mainly focus on boosting trade and investment. But the new center is bigger than the commercial one and it is broader because we will not only focus on trade and investment but also on culture and tourism. We want the relationship between our two countries to grow.”
 
Ms. Sophary was not sure when the center will be launched but told Khmer Times construction plans were already set in place.
 
Mr. Xi came to Cambodia last year and signed two agreements on rice production and tariffs on agro products. Both governments also pledged to increase trade volume to $5 billion by 2017.
 
In early December, the China-Asean Law Cooperation Institution in Cambodia was officially opened and allowed commercial arbitrators to work with the kingdom’s National Commercial Arbitration Center (NCAC) to handle business conflicts for Chinese investors or businessmen across Asean.
 
Cambodia last year recorded around 900,000 Chinese tourists, up dramatically compared to a year earlier. The government plans to attract two million Chinese tourists per year by 2020.
 
Last June, the Tourism Ministry established the China Ready Center (CRC) to cater to the two million Chinese tourists, as well as to improve the skills of local tourist operators working with Chinese clients.
 
“The CRC was set up due to the rapid yearly growth of Chinese tourist arrivals in the country,” Tourism Minister Thong Khon told Khmer Times.
 
 “This center will facilitate research on the requirements and demands of Chinese tourists as well as strengthen the Chinese language and cultural skills of Cambodian tourist operators,” he added.

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