Cambodia and Hong Kong boost trade

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Hong Kong shipBilateral trade between Cambodia and Hong Kong was valued at $762 million in the first nine months of this year, a 19 per cent year-on-year increase compared with the same period last year, according to the Hong Kong Trade Development Council (HKTDC), the Phnom Penh Post reported.

Hong Kong’s total exports to Cambodia were valued at $685 million, and Cambodian exports to Hong Kong at $76 million.

More than 100 businesses from the commercial Chinese city and Cambodia gathered at an event in Phnom Penh on November 26, seeking to find business partners and exchange ideas to enable more bilateral trade.Lim Heng, vice president of the Cambodia Chamber of Commerce, urged businesses to set up a Hong Kong trade-business office in Cambodia, providing interested investors to collect more detailed information about the Kingdom.

“We will facilitate to seek a place for HKTDC to establish an office and provide any assistance to match [our] business partners in Cambodia,” he said.

Since June 1, a new exemption agreement with Hong Kong allows Cambodian diplomats and a range of government officials to travel to Hong Kong without a visa and stay for 14 days.

Koy Kuong, spokesman for the Ministry of Foreign Affairs, said at the time that the exemption “will assist the work of Cambodia’s political officials and government offices to strengthen development and economic cooperation with Hong Kong”.

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Bilateral trade between Cambodia and Hong Kong was valued at $762 million in the first nine months of this year, a 19 per cent year-on-year increase compared with the same period last year, according to the Hong Kong Trade Development Council (HKTDC), the Phnom Penh Post reported.

Reading Time: 1 minute

Hong Kong shipBilateral trade between Cambodia and Hong Kong was valued at $762 million in the first nine months of this year, a 19 per cent year-on-year increase compared with the same period last year, according to the Hong Kong Trade Development Council (HKTDC), the Phnom Penh Post reported.

Hong Kong’s total exports to Cambodia were valued at $685 million, and Cambodian exports to Hong Kong at $76 million.

More than 100 businesses from the commercial Chinese city and Cambodia gathered at an event in Phnom Penh on November 26, seeking to find business partners and exchange ideas to enable more bilateral trade.Lim Heng, vice president of the Cambodia Chamber of Commerce, urged businesses to set up a Hong Kong trade-business office in Cambodia, providing interested investors to collect more detailed information about the Kingdom.

“We will facilitate to seek a place for HKTDC to establish an office and provide any assistance to match [our] business partners in Cambodia,” he said.

Since June 1, a new exemption agreement with Hong Kong allows Cambodian diplomats and a range of government officials to travel to Hong Kong without a visa and stay for 14 days.

Koy Kuong, spokesman for the Ministry of Foreign Affairs, said at the time that the exemption “will assist the work of Cambodia’s political officials and government offices to strengthen development and economic cooperation with Hong Kong”.

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