Monday, 9 November 2009

Cambodia-India Trade Fair

Written by DAP NEWS -- Monday, 09 November 2009

(Posted by CAAI News Media)

Cambodia and India will jointly host a trade fair in Phnom Penh next week to expand the bilateral trade volume between the two countries, a press release from Cambodia’s Ministry of Commerce obtained on Saturday said.

The trade forum will provide a great opportunity for Cambodian and Indian businesspeople to meet one other November 11-12, the press release added. Around 20 Indian companies will join the trade fair to show their products.

The event will be co-hosted by the Ministry of Commerce (MoC) of Cambodia and Federation of India Chamber of Commerce and Industry, and the event will be presided over by Commerce Minister Cham Prasidh.

According to MoC figures, bilateral trade worth over US$61 million, with about US$5 million worth of Cambodian products exported to India.

The two countries established diplomatic ties in 1952 for the first time and they re-established ties in 1992. India has helped Cambodia by training Cambodian mine clearance soldiers to serve in the UN peacekeeping missions. In late October, Cambodian Foreign Minister Hor Namhong said that India and Cambodia would expand the cooperation on the areas of national defense and anti-terrorism. Cambodian Prime Minister Hun Sen and his Indian counterpart, Manmohan Singh, held bilateral talks on a sideline of ASEAN summit in Thailand to boost bilateral ties. The Indian Prime Minister will visit Cambodia at the invitation of Hun Sen, Hor Nam Hong said. Cambodia requested Indian help restore and maintain Cambodian temples, he added. India agreed to provide US$15 million in concession loans for electricity power networks from Kratie and Stung Treng provinces in Cambodia.

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