Cambodia to Push Trade with Russia

AKP Phnom Penh, March 25, 2020 —

Cambodia is eyeing to push trade with Russia, expecting that more products from Cambodia can enter Russia’s market in years to come.

The intention was made known in a meeting here on Mar. 23 between Cambodian Deputy Prime Minister H.E. Hor Namhong and outgoing Russian Ambassador to Cambodia H.E. Dmitry Tsvetkov.

In the meeting, H.E. Hor Namhong spoke highly of good relationship and cooperation between the two countries in many areas.

Since 2015, both sides have reached 51 agreements and memoranda of understanding on trade, investment, banking, agriculture, environment, and security, he said.

The Cambodian DPM hoped that the two-way trade will see more increase in 2020, up from US$55.39 million last year.

H.E. Hor Namhong also asked Russia to support Cambodia in its free trade negotiations with Eurasian Economic Union.

For his part, H.E. Dmitry Tsvetkov valued the fast development of Cambodia and its annual economic growth of around 7 percent. He added that Cambodia-Russia Working Group had started negotiations on a Free Trade Agreement with Eurasia.

The outgoing Russian diplomat also confirmed that Russian President H.E. Vladimir Putin will attend the 13th ASEM Summit in Cambodia in November this year.

By Chea Vannak