Cambodia, Australia Pledge to Boost Bilateral Trade

Cambodia and Australia has reaffirmed their commitment to increase their two-way trade, advance their cooperation in the trade sector and other areas, especially their close relations.
The reaffirmation was made by H.E. Pan Sorasak, Minister of Commerce, and Australian Ambassador to Cambodia H.E. Pablo Kang during their meeting via Videoconference yesterday.
The meeting focused on cooperation in international trade sector between both countries, particularly Australia’s continued support for Cambodia’s trade development in bilateral, regional and multilateral context.
In terms of bilateral framework, both sides shared views on the continuation of implementation of Australia-funded trade development projects such as capacity building of trade officials, elaboration of trade-related regulations, Cambodia-Agricultural Value Chain Programme (CAVAC) as well as promotion of e-commerce, etc.
For regional context, H.E. Pablo Kang said that Australia will introduce the initiative to boost the use of e-commerce documents under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) framework to ease trade with Australia, reduce expense to enhance trade chain resilience, and promote regional trade growth, especially during and after thet COVID-19 crisis.
For multilateral framework, the two sides exchanged views on the developments in the multilateral trade context under the WTO framework, mainly the preparation to attend the 12th WTO ministerial conference in the future.
H.E. Pan Sorasak thanked Australia for its continued support and contribution to the development of Cambodia’s trade and other related sectors.

Source: Agency Kampuchea Press