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China-Cambodia trade volume exceeds $10b
Updated 14:51, 17-Dec-2021
CGTN
Cambodia booth at the China International Fair for Trade in Services (CIFTIS), Beijing, September 4, 2021. /CFP

Cambodia booth at the China International Fair for Trade in Services (CIFTIS), Beijing, September 4, 2021. /CFP

Bilateral trade volume between China and Cambodia rose 45.9 percent to $10.98 billion in the first 10 months of this year, hitting the target of $10 billion, China's Ministry of Commerce said on Friday.

The two countries had previously committed to reaching the $10 billion threshold by 2023.

China is willing to work with Cambodia to implement the China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement, and promote cooperation in infrastructure, production capacity, digital economy, and green and low-carbon fields, said the ministry.

China will also expand imports from Cambodia, encourage Chinese companies to invest in Cambodia and promote e-commerce cooperation.

The two countries on Thursday signed a memorandum of understanding on establishing an investment and economic cooperation working group.

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