A Change of Guard

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Monday 19 November 2012

Cambodia-U.S. trade reaches 2.2 bln USD in 9 months, up 2 pct


Souce:Xinhua 
Publish By  

PHNOM PENH, Nov. 19 — The bilateral?C volume between Cambodia and the United States reached 2.2 billion U.S. dollars in the first nine months of this year, a 2 percent rise compared with 2.15 billion U.S. dollars at the same period last year, according to the statistics of the U.S. Department of Commerce on Monday.
During the January-September period, Cambodia’s exports to the U.S. were 2.02 billion U.S. dollars, up 0.5 percent, while the country’s imports from the U.S. were 180 million U.S. dollars, up 30 percent.
Cambodia has mainly exported garments, textile and footwear to the United States. In exchange, it has bought vehicles, machinery, and medical equipment and supplies.
On the investment side, the United States’ investment in Cambodia was 1.29 billion U.S. dollars from 1994 to July 2012, according to a record by Cambodian Investment Board.
Newly re-elected U.S. President Barack Obama is slated to arrive in Cambodia Monday afternoon to attend the 4th ASEAN-U.S. Leaders’ meeting and the 7th East Asia Summit.
Cambodian government spokesman and Information Minister Khieu Kanharith said Monday that Obama will hold a bilateral talk with Cambodian Prime Minister Hun Sen soon after his arrival.
The talk will focus on promoting friendship ties and cooperation between Cambodia and the United States, he said.

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