Agreement on Cooperation Projects of Mekong-Lancang Cooperation Special Fund 2020 Signed

The Kingdom of Cambodia and the People’s Republic of China signed here this morning the Agreement on the Cooperation Projects of the Mekong-Lancang Cooperation Special Fund 2020.

The document was inked at the Ministry of Foreign Affairs and International Cooperation (MFA-IC) between H.E. Prak Sokhonn, Cambodian Deputy Prime Minister, Minister of MFA-IC, and H.E. Wang Wentian, Chinese Ambassador to Cambodia.

Speaking at the signing ceremony, H.E. Prak Sokhonn expressed his profound appreciation for the invaluable continuing supports provided by the Government of the People’s Republic of China to the Royal Government of Cambodia for the additional 20 new projects under the MLC Special Fund 2020, with a total amount of more than US$7 million.

These new projects will further contribute to a broad range of cooperation activities in the fields of rural development, water resources, agriculture, air connectivity, education, and cultural heritage among many others, he underlined.

“Our ceremony today is timely and of great significance to prove our resilience and to reaffirm our strong foundation of the Mekong-Lancang Cooperation. Since the launch of the MLC Special Fund in 2016, these projects have contributed to enhancing the socio-economic development of the Mekong-Lancang countries through narrowing development gaps, deepening mutual understanding and trust, and strengthening our capacity to better respond to the needs of our peoples,” H.E. Prak Sokhonn said.

Despite the grave impact of COVID-19 crisis, he added, Cambodia-China cooperation, bilaterally and multilaterally, has not lost any significance. China made Cambodia a top priority in its contribution to control the spread of this deadly disease and alleviate its socio-economic impact. Anti-epidemic supplies and medical experts were speedily dispatched to assist our efforts and ships were specially engaged to ensure the flow of raw materials for our industrial production.

For his part, H.E. Wang Wentian said Cambodia has harvested the largest number of LMC Special Fund Projects for three consecutive years, 55 in total including this year’s projects, with a total sum of over US$20 million. “It fully reflects the active engagement of Cambodia in the LMC, and demonstrates that the China-Cambodia cooperation within the LMC is highly fruitful. We hope that the projects will help improve Cambodian people’s livelihoods, and speed up Cambodia’s development in economy, society and other areas,” he stressed.

According to H.E. Ambassador, the LMC is a new sub-regional cooperation mechanism featuring extensive consultation, joint contribution and shared benefits by Lancang-Mekong River countries. Since established, the LMC has brought into full play the advantages of geological proximity, cultural similarity and people-to-people friendship among the six countries, and promoted their wide-ranging and in-depth mutually beneficial cooperation. Thanks to the active engagement of the Lancang-Mekong River countries, the LMC is growing from rapid expansion into comprehensive development. The large number of projects for people’s livelihoods have brought more and more tangible benefits to people of the region. The LMC idea of equality, mutual assistance and family-like atmosphere are gaining more and more public support.

Both sides also reaffirmed their commitment to strengthening and deepening their bond of friendship as well as with other member countries in the Mekong-Lancang framework.

 

Source: Agency Kampuchea Press