A Change of Guard

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Wednesday 26 June 2013

PM [Hun Sen] satisfied with Cambodia, China's Hong Kong ties

PHNOM PENH, June 25, 2013 (Xinhua) -- Cambodian Prime Minister Hun Sen on Tuesday expressed his satisfaction with the good ties between Cambodia and China's Hong Kong in trade, investment and tourism.
Speaking during a meeting with a group of Hong Kong business executives led by John C Tsang, financial secretary of the Hong Kong Special Administrative Region, at the capital's Peace Palace, the premier honored good relationship between Cambodia and China in general and between Cambodia and Hong Kong region in particular.
He said he was very pleased to see good relations in trade, investment and tourism, especially direct flights from Hong Kong to Cambodia.
Meanwhile, the premier said that Cambodia has a number of sectors with high potential for investors and appealed to Hong Kong investors to consider their investments in those sectors including agriculture, tourism, telecommunication, financial services, and export-oriented processing and manufacturing.
John C Tsang said many Hong Kong investors have been doing businesses in garment and footwear industry, construction, and real estate in Cambodia and the delegation's visit was to explore potential and opportunity for investment in Cambodia.
He said the visiting delegation is comprised of leaders of 24 firms doing businesses in financial and professional services, infrastructure and real estate, garments and textiles, telecommunications, food and chemicals.
Hong Kong is Cambodia's 6th largest trading partner, according to Cambodian Minister of Commerce Cham Prasidh.

Bilateral trade between Cambodia and Hong Kong valued at 879 million U.S. dollars in 2012, a 18 percent rise year-on-year, he said Tuesday.
Cambodia's export to Hong Kong was 68 million U.S. dollars, up 50 percent, while Hong Kong's export to Cambodia reached 811 million U.S. dollars, up 25 percent.
On the investment side, Cambodia has received the cumulative investment of 758 million U.S. dollars from Hong Kong from 1994 to 2012, according to the Council for the Development of Cambodia.
For tourism, some 8,300 Hong Kong Chinese visited Cambodia last year, up 57 percent year-on-year, said a tourism report.

3 comments:

RealKhmer said...

Khmer abuses Khmer, Yuon abuses Khmer, Siam abuses Khmer, only Khmer people being abused everywhere, an endless sight of suffering and torture for our innocent Khmer people.

Anonymous said...

sooner, khmer will have the best foods N the best restaurant in kingdom of cambodia. loves it

Anonymous said...

I don't think so but i am afraid Cambodia will become 1975 era soon.Remember ? when King Ta made a closeand good relationship with
China from1957 up to 1975 and what
happened from 1975. The entire Cambodia was fallen into China Communist hand. China controlled King Ta and Pol Pot on ruling country and complied with the cultural revolution system in resulting about almost 2 million Cambodian people were killed in that era.

What out! sooner or later Cambodia will become the 2nd Killing Field if Cambodians forget what was happening in that era and count them as good friends again.