Cambodia's trade with China up 31 pct in 9 months

Cambodian Finance Minister Aun Porn Moniroth (R) shakes hands with Chinese Ambassador to Cambodia Bu Jianguo during the signing ceremony in Phnom Penh, Cambodia, Nov. 14, 2013. The Chinese government on Thursday signed an agreement to provide a free-interest loan of 200 million Renminbi (33 million U.S. dollars) to Cambodia for social and economic development projects. (Xinhua/Sovannara) PHNOM PENH, Nov. 14 (Xinhua) -- The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume had amounted to 2.83 billion U.S. dollars, a 31 percent rise compared with the same period last year, the Ambassador said. "With this rapid increase, I believe that the two countries will be able to achieve the target of 5 billion U.S. dollars trade volume by 2017," she said at a signing ceremony with the Cambodian Finance Ministry. Main products China sold to Cambodia are garment and textile raw materials, machinery, motorcycles, cars, foodstuffs, electronics, furniture, light products, medicines and cosmetics, while Cambodia sells milled rice, dry rubber, cassava, fishery, and apparels to China. Last year, the bilateral trade was valued at 2.9 billion U.S. dollars, up 16 percent year-on-year.

Key Words :   Cambodia

• Cambodia's trade with Vietnam reaches 2.7 bln USD in 9 months • Cambodia sees 1.48 bln USD trade deficit in 9 months • Cambodia's trade with U.S. up 2% in first half of 2013 • Cambodia's trade with S. Korea up 12% in 5 months • Cambodia records 1.32 bln USD trade deficit in H1