Cambodia-Japan Bilateral Trade Reaches Over US$2 Billion

Phnom Penh, May 29, 2019 –The two-way trade between Cambodia and Japan has now reached more than US$2 billion, said Samdech Akka Moha Sena Padei Techo Hun Sen in a meeting with new CEO of Japan External Trade Organisation (JETRO) Mr. Nobuhiko Sasaki, in Tokyo, Japan this morning, on the sidelines of the 25th International Conference on the Future of Asia.

Of the figure, the Cambodian Premier pointed out, Cambodia’s exports to Japan were valued at over US$1,600 million while Japan’s exports to Cambodia at US$900 million.

Samdech Techo Hun Sen asked Japan for more import of Cambodian agricultural products and affirmed to push for negotiations for the agreement on double taxation.

The Prime Minister also voiced his full support for the signing of a memorandum of understanding on investment promotion cooperation between the Council for the Development of Cambodia (CDC) and JETRO, and requested JETRO to encourage more and continued Japanese investments in Cambodia.

For his part, Mr. Nobuhiko Sasaki highly appreciated the Royal Government of Cambodia’s efforts and commitment to improve business environment in the country.

JETRO set up its office in Cambodia in 2010 with only 45 member companies, but the figure rose now to 216, he said.

On the same day, Samdech Techo Hun Sen also held separate meetings with Mr. Seiji Imai, Senior Managing Executive Officer and Manager of Global Corporate Company in Mizuho Financial Group; Professor Yoshiaki Ishizawa of Sophia Asia Centre for Research and Human Development; H.E. Takahashi Fumiaki, President of Japan-Cambodia Association; and H.E. Ken Matsuzawa, President of the International Friendship Exchange Council of Japan.

By C. Nika