Mr. Hun Sen shakes hand with Chinese Premier Wen Jiabao.21st October, 2011
Xinhua Web Editor: Zhangxu
The visit of Cambodia's Prime Minister Hun Sen to China's Nanning to join the 8th China-ASEAN expo and investment and business summit has brought Cambodia with humanitarian aids and closer ties on politics, trade and investment between Cambodia and China, concluded Cambodia's Minister of Commerce Cham Prasidh on Friday.
During his stay in Nanning, the capital city of Guangxi Zhuang Autonomous Region, Prime Minister Hun Sen had met with Chinese Premier Wen Jiabao to discuss ways to further strengthen and expand the bilateral cooperation, Prasidh told reporters at Phnom Penh International Airport upon the prime minister's return from China.
He said that Hun Sen informed Wen about the worst floods that have hit Cambodia since August and killed 247 people as well as damaged about 10 percent of agricultural crops this year.
In response, Wen expressed deep sympathy over the loss of life and crops and he pledged to provide an additional 1.5 million U.S. dollars to help Cambodian flood victims. [Guangxi province promised another $500,000, so the total aid package is $2 million].
Last week, China donated the emergency flood relief aids worth 50 million yuan (7.8 million U.S. dollars) and the aids included medications, medical supplies, mosquito nets, blankets, towels and other relief materials. The supply had been airlifted by two planes to Cambodia over the weekend.
"This is thanks to the good relations between Cambodia's and China's leaders," said Prasidh.
In the meeting, both premiers also promised to strengthen cooperation in all regional and international forums.
Hun Sen thanked China for fully supporting Cambodia's candidacy for the non-permanent member of the United Nations Security Council (UNSC) in next year vote.
The two premiers also pledged to boost the bilateral trade volume to 2.5 billion U.S. dollars in 2012, Prasidh said, adding that the trade between the two countries this year is expected to reach 2 billion U.S. dollars, up from 1.44 billion U.S. dollars in 2010.
"We foresee that milled rice and garment products will be the key products to boost Cambodia's exports to China," he said.
On the investment side, Wen promised to encourage more Chinese companies to Cambodia, said Prasidh, adding that China's investment in Cambodia in 2010 was 694 million U.S. dollars, the largest investor in Cambodia.
During in China's Nanning, Hun Sen also met with the management of the China Development Bank and the governor of China's Guangxi Zhuang Autonomous Region. On Friday morning, he joined the 8th China-ASEAN expo and investment and business summit.
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DAP News reported that Mr. Hun sen had also asked China to lend Cambodia $500 million for the repairs and the reconstruction of infrastructures destroyed by the floods. China's Premier Wen Jiabao did not approve the loan straight away, but has promised to look into Cambodia's loan application. DAP News also reported that a Chinese company from Guangxi had built a rice mill in Cambodia which has the capacity to mill 100,000 tons of rice which will then be exported to China. Mr. Cham Prasiddh said Cambodia had set an export target of 1 million tons rice per year by 2015. But he said, even if the target is not met, Cambodia is still satisfied with the result because currently Cambodia had exported 2 million tons of paddy to Vietnam and Thailand already, of which 30% was exported to Vietnam and 70% to Thailand.
The visit of Cambodia's Prime Minister Hun Sen to China's Nanning to join the 8th China-ASEAN expo and investment and business summit has brought Cambodia with humanitarian aids and closer ties on politics, trade and investment between Cambodia and China, concluded Cambodia's Minister of Commerce Cham Prasidh on Friday.
During his stay in Nanning, the capital city of Guangxi Zhuang Autonomous Region, Prime Minister Hun Sen had met with Chinese Premier Wen Jiabao to discuss ways to further strengthen and expand the bilateral cooperation, Prasidh told reporters at Phnom Penh International Airport upon the prime minister's return from China.
He said that Hun Sen informed Wen about the worst floods that have hit Cambodia since August and killed 247 people as well as damaged about 10 percent of agricultural crops this year.
In response, Wen expressed deep sympathy over the loss of life and crops and he pledged to provide an additional 1.5 million U.S. dollars to help Cambodian flood victims. [Guangxi province promised another $500,000, so the total aid package is $2 million].
Last week, China donated the emergency flood relief aids worth 50 million yuan (7.8 million U.S. dollars) and the aids included medications, medical supplies, mosquito nets, blankets, towels and other relief materials. The supply had been airlifted by two planes to Cambodia over the weekend.
"This is thanks to the good relations between Cambodia's and China's leaders," said Prasidh.
In the meeting, both premiers also promised to strengthen cooperation in all regional and international forums.
Hun Sen thanked China for fully supporting Cambodia's candidacy for the non-permanent member of the United Nations Security Council (UNSC) in next year vote.
The two premiers also pledged to boost the bilateral trade volume to 2.5 billion U.S. dollars in 2012, Prasidh said, adding that the trade between the two countries this year is expected to reach 2 billion U.S. dollars, up from 1.44 billion U.S. dollars in 2010.
"We foresee that milled rice and garment products will be the key products to boost Cambodia's exports to China," he said.
On the investment side, Wen promised to encourage more Chinese companies to Cambodia, said Prasidh, adding that China's investment in Cambodia in 2010 was 694 million U.S. dollars, the largest investor in Cambodia.
During in China's Nanning, Hun Sen also met with the management of the China Development Bank and the governor of China's Guangxi Zhuang Autonomous Region. On Friday morning, he joined the 8th China-ASEAN expo and investment and business summit.
------------------------------------
DAP News reported that Mr. Hun sen had also asked China to lend Cambodia $500 million for the repairs and the reconstruction of infrastructures destroyed by the floods. China's Premier Wen Jiabao did not approve the loan straight away, but has promised to look into Cambodia's loan application. DAP News also reported that a Chinese company from Guangxi had built a rice mill in Cambodia which has the capacity to mill 100,000 tons of rice which will then be exported to China. Mr. Cham Prasiddh said Cambodia had set an export target of 1 million tons rice per year by 2015. But he said, even if the target is not met, Cambodia is still satisfied with the result because currently Cambodia had exported 2 million tons of paddy to Vietnam and Thailand already, of which 30% was exported to Vietnam and 70% to Thailand.
4 comments:
Don't stop borrow now, you fucking father own Cambodia. Put Cambodia for collateral you moron.
2 ways to chose:
1 Isolate from the world, like the Khmer Rouge did.
Or 2 Work with other.
Hun Sen is borrowing irresponsibly now that Cambodia will be indebted deeply and cannot find the way to repay this debt for generations. The next generations will work their butts of to repay Hun Sen's debts. Hun Sen just borrow and corruptly spend the money. if corruption can be reduced, Cambodia will be OK, we can finance all projects by ourselves.
Same Same
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