Cambodia’s Foreign Affairs Minister and a delegation of Malaysian SMEs met to further strengthen Cambodia-Malaysia relations

 


Buth Reaksmey Kongkea  

Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak  Sokhonn on April  27’s afternoon met with  a delegation of Malaysian small and medium enterprises (SMEs), consisting of 53 business representatives and stakeholders, on the occasion of their trade mission to Cambodia. 

The trade mission, organized by the Royal Embassy of Cambodia to Malaysia together with SMEs Malaysia, the Malaysian Business Council of Cambodia (MBCC), and the Malaysia External Trade Development Corporation (MATRADE), aims to further strengthen Cambodia-Malaysia relations by fulfilling the vast untapped commercial and investment potentials between the two countries based on mutual confidence and benefits. 


During the meeting, Deputy Prime Minister Prak Sokhonn expressed his appreciation for the steady inflow of FDI from Malaysia to Cambodia and for the significant increase of bilateral trade between Cambodia and Malaysia.

Deputy Prime Minister Prak Sokhonn emphasized and recalled the commitment of the two countries to enhance cooperation on trade, investment, health, science and technology, and people-to-people contact with the goal of facilitating and accelerating economic recovery from the COVID-19 pandemic.

According to Council for the Development of Cambodia (CDC), as of February 2022, Malaysia is the third largest investor among ASEAN countries in Cambodia with 162 approved investment projects worth $3.2 billion.

Bilateral trade between the two countries was recorded at approximately USD 500 million in 2021, a 13 percent increase compared to 2020.

After meeting, Dr. Nhim Khemara, Secretary of State, the Head of Economic Diplomacy Coordinating Group, and high representative of the Deputy Prime Minister Prak Sokhonn hosted a welcome dinner and took the opportunity to promote Cambodia’s culinary heritage and Khmer products to the Malaysian Delegation. 

The dinner was also attended by Malaysian counterparts in Cambodia as well as representatives from the Ministry of Commerce, the CDC, the Cambodia Chamber of Commerce (CCC), and the Young Entrepreneurs Association of Cambodia (YEAC).  

 



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