Cambodia, Turkey set to grow bilateral trade to $1B annually

PHNOM PENH (The Phnom Penh Post/ANN) - Cambodia and Turkey have renewed their pledge to boost bilateral trade and investments to $1 billion annually, the Ministry of Commerce said.

Cambodia and Turkey have renewed their pledge to boost bilateral
trade and investments to $1 billion annually, the Ministry of Commerce
said.

The pledge was made during a two-day meeting last week in Ankara,
Turkey, between a joint economic committee comprising experts from both
countries.

Minister of Commerce Pan Sorasak met with Turkey’s Minister of
Agriculture and Forestry Bekir Pakdemirli and vowed to continue
promoting bilateral cooperation in economy, trade, investment and other
potential areas.

Data from the Ministry of Commerce show bilateral trade between the
two countries between 2014 and last year was about $510 million. Of that
amount, Cambodian exports were valued at $437.84 million compared to
imports of about $72 million.

Sorasak said: “Most Cambodian products exported to Turkey are
garments, bicycles, mangoes, rubber, cassava, corn, pepper and milled
rice.”

The minister also met with Turkey’s Minister of Customs and Trade Ruhsar Pekcan.

Cambodia has asked Turkish Airlines to launch a direct flight between
the two countries, said Sorasak. The Kingdom also called on Turkey to
provide technical assistance to the food industry – especially the halal
food sector – making Cambodia more attractive for Islamic visitors.

During a meeting with Turkish President Recep Tayyip Erdogan in June at the Conference on Interaction and Confidence-Building Measures in Asia in Tajikistan, Prime Minister Hun Sen said Turkey’s many halal food consumers provide much potential for Cambodia.

The Kingdom, he said, will invest in food production and that direct
flights between the two countries would contribute significantly to
achieving the goal of increasing bilateral trade volumes.

Ministry of Tourism data shows that in the first 11 months of last
year, Cambodia received 6,921 Turkish tourists – down 5.77 per cent
compared to the same period in 2017 which recorded 7,345 tourists.

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