The bilateral trade between Cambodia the European Union rose by 4.6 percent to US$4.98 million (4.5 billion euros) last year, according to a joint press release issued on Mar. 10.

The figures were mentioned in the 11th Cambodia-EU Joint Committee Meeting, held here in a hybrid format and co-chaired by Cambodian Foreign Ministry’s Secretary of State H.E. Luy David and H.E. Ms. Paola Pampaloni, Deputy Managing Director for Asia and Pacific of the European External Action Service.

In the meeting, both parties discussed economic recovery measures, bilateral trade and investment relations, technical cooperation, market access issues, and the ongoing efforts to further improve the business environment, including the new Law of Investments, and diversify Cambodia’s economy.

The two sides also committed to further strengthen cooperation to ensure that Cambodia’s investment climate remains open, well facilitated, competitive, and conducive to sustainable socio-economic development.

Cambodia generally exports agricultural products, including milled rice, textiles, footwear, travel goods and bicycles to the EU, and imports construction materials, food and beverage, electronics and pharmaceutical products, among others from the EU.

Source: Agency Kampuchea Press

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