Bilateral Trade between Cambodia and Japan Reached US$1.6 Billion in 2018

Bilateral trade between Cambodia and Japan was US$1.6 billion in 2018, up 10 percent compared to 2017.

The figure was made known by H.E. Pan Sorasak, Minister of Commerce, while holding talks with newly appointed Ambassador of Japan to Cambodia H.E. Mikami Masahiro, at the ministry office recently.

The two-way trade between both countries is expected to increase to US$2 billion next year, he said.

The minister attributed the growing trade ties between Cambodia and Japan to full peace in the country, strong and stable national economic growth over the last two decades, as well as good relations and cooperation in diplomatic, economic and trade sectors of both countries.

Many Japanese companies have been expanding their businesses in Cambodia, he added.

H.E. Pan Sorasak requested Japan to consider more investments in processing of food, fruits and vegetables, and provide technical support to CamControl officials.

H.E Pan Sorasak also congratulated the Coronation Ceremony of His Majesty Naruhito as the Emperor of Japan.

From his side, H.E. Mikami Masahiro laid stress on the important suggestion which will further foster cooperation between the two countries.

Source: Agency Kampuchea Press