The Royal Government of Cambodia (RGC) and the Team Europe (the European Union and its Member States) have rolled-up two initiatives to promote sustainable, green agri-business, green factories and decent jobs in Cambodia. H.E. Chhieng Yanara, Senior Minister of the Council for the Development of Cambodia (CDC) and H.E. Jutta Urpilainen, European Commissioner for International Partnerships, along with representatives from European Union Member States, held a meeting here on Mar. 13 to celebrate the roll-out of two Team Europe Initiatives (TEIs). The two TEIs for Cambodia are - one focusing on 'Green Agribusiness and Decent Jobs', with an estimated value of US$1.1 billion (1 billion EUR) and another one is the other on 'Green Factories and Decent Jobs' with an estimated value of US$430 million (400 million EUR), read a press release. These Initiatives provide a framework for Team Europe to converge towards shared objectives in policy sectors that are priority for both the EU and Cambodia, notably sustainab le, green agri-business, green factories and decent jobs.The two TEIs for Cambodia promote sustainable value chains and better integration of Cambodian products into regional and international markets, with skills development, trade related assistance and public finance management being cross-cutting. H.E. Senior Minister Chhieng Yanara highly appreciated the supports of European partners and good cooperation and partnership between Cambodia, European Union and its partners. 'The RGC welcomes these initiatives as building blocks of the European Joint Development Cooperation Strategy for Cambodia, 2021-2027 and very supportive of the Pentagonal Strategy-Phase 1 of the Government,' he said. European Commissioner Jutta Urpilainen said that EU proposes a value-based cooperation that ensures the highest social and environmental standards, as key elements of competitiveness for our economies and markets. 'Team Europe and the Royal Government aim for ambitious transformational impact in the sectors of our cooper ation, and for EU-Cambodia cooperation to become a reference example of partnerships that thrive on the respect of international values and principles, fully aligned with our Global Gateway investment strategy,' she said. In the meeting, both sides agreed to move forward guided by enhanced policy dialogue and a multi-actor approach to implementation, involving all relevant ministries and stakeholders on the EU and Cambodia side, such as private sector and the civil society. Source: Agence Kampuchea Presse