Tuesday, 17 March 2009

Vietnam, Cambodia talk trade cooperation

16/03/2009

VietNamNet Bridge – Vietnamese Minister of Industry and Trade Vu Huy Hoang and Cambodian Minister of Trade Cham Prasidh held talks in Phnom Penh on March 16, agreeing to accelerate trade activities towards a target of 2 billion USD in turnover by 2010.

During the talks, the two ministers reviewed the implementation of trade cooperation agreements and discussed obstacles on the way to reach the targets.

The two sides agreed in principle to set up a coordination mechanism, probably a specialised board co-chaired by the two ministers, to deal with emerging issues in a timely manner.

They agreed that the two countries should meet to revise existing regulations on customs procedures for transit goods and border gate management in order to facilitate goods transport and travel along their shared border.

After the talks, the ministers signed minutes of their meeting, pledging to accelerate the implementation of trade agreements signed by the two countries’ Prime Ministers and the two ministries. They also plan to cooperate in personnel training hold more meetings between the two ministries to solve any rising problems, and promote border trade to boost sales of agricultural products and create more jobs for border inhabitants.

Earlier the same day, the two ministers co-chaired the opening ceremony of the second conference on Vietnam-Cambodia border trade cooperation.

During his stay in Cambodia from March 15-16, Minister Hoang was received by the Cambodian Prime Minister. He also had a working session with Vietnamese investors in Cambodia to learn of their projects and their difficulties in the process of implementation.

VietNamNet/VNA

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