The 1st Asia-Europe Economic and Business Forum under the theme “Transitioning to a New Normal: Leveraging Global Value Chains, Multilateralism and the 4th Industrial Revolution” was officially opened this morning.

This virtual event was presided over by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia.

Samdech Techo Hun Sen said this forum is significant for investors to identify and explore new business and trade opportunities, and to strengthen cooperation and partnerships between public and private sectors, especially to exchange views under the important theme aimed at promoting business-investment activities and socio-economic development in a new normal.

All have known very well that Asia-Europe cooperation has contributed significantly to the strengthening of the people-to-people and economic ties for the common development, he said, underlining that at the same time, this cooperation still holds more potentials that we need to capture to promote socio-economic development of Asia-Europe.

In fact, he continued, Asia-Europe countries accounts for about 65 percent of the global economy, and around 55 percent of global trade. Going forward, as Covid-19 crisis is expected to subside in the near future, promoting the normalcy of trade flow, business and investment corresponding to the new global trends is an essential and urgent task to revive and enhance the socio-economic development of Asia-Europe.

 

 

 

Source: Agency Kampuchea Press

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