Thursday, 17 January 2008

Cambodia trade set to rise after talks

(16-01-2008)

AN GIANG — Measures to boost trade and commodity exchanges through Viet Nam and Cambodia’s borders were highlighted during the two sides’ border trade conference, held in An Giang Province yesterday.

Representatives of the Viet Nam Chamber of Commerce and Industry and the Ministry of Commerce of Cambodia, which co-organised the conference, signed a Memorandum of Understanding on speeding up border trade co-operation between the two sides.

To boost border trade co-operation, Viet Nam put forward a series of measures.

These measures included exchanging delegations at different levels, the organisation of an annual border trade conference in respective countries, the strengthening of technical infrastructure facilities in border areas and the simplification of trade procedures.

Conference participants discussed issues for efficient management and for the sustainable development of border trade on both sides, striving for an average increase of 27 per cent each year in Viet Nam-Cambodia import-export turnover.

They expected to increase bilateral import-export turnover to US$2.3 billion in 2010 and $6.5 billion in 2015.

Total import-export turnover between Viet Nam and Cambodia during 2001-07 was $3 billion, of which Viet Nam exports to Cambodia were worth $2.8 billion and imports were valued at $228 million.

— VNS

No comments: