Phnom penh: Chinese investors from the Guangxi Zhuang Autonomous Region are being encouraged to invest in Cambodia's promising sectors, including modern agriculture, food processing, the automotive industry, electronics, and digital technology, with the goal of boosting bilateral trade between the two nations.
According to Agence Kampuchea Presse, this encouragement was articulated by H.E. Mrs. Cham Nimul, Minister of Commerce, during the "Cambodia-China Industrial Park (CCIP) Promotion Forum" held on July 28. The event featured attendance by H.E. Zheng Yuandong, Deputy Secretary General of the People's Government of Guangxi Zhuang Autonomous Region, Ms. Zheng Ling, Vice Mayor of the Beihai Municipal People's Government, along with leaders from relevant ministries, stakeholders, and numerous business figures from the Guangxi Zhuang Autonomous Region.
The Minister emphasized the importance for the private sectors of both countries to fully leverage the Cambodia-China Free Trade Agreement, the Regional Comprehensive Economic Partnership (RCEP), and the upgraded ASEAN-China FTA. She suggested that the joint working group responsible for the CCIP construction should convene regularly and organize trade events to create more opportunities for business partnerships and investment.
In October 2023, a Memorandum of Understanding on the CCIP Construction was signed in Beijing between the Cambodian Ministry of Commerce and the Guangxi Zhuang Autonomous Region of China. The signing took place under the leadership of Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet and Chinese President H.E. Xi Jinping.
H.E. Mrs. Cham Nimul also participated in the signing ceremony of nine business agreements between Cambodia and China. These agreements aim to encourage investment in critical sectors such as new energy, garment production, recycling, and the promotion of potential Cambodian products for export to the Chinese market, as well as the enhancement of tourism and cultural exchange.