Cambodia Hosts a Workshop on International Trade Finance and Development of Global Value Chains

Cambodia has been hosting a workshop on International Trade Finance and Development of Global Value Chains in Phnom Penh.

The event's opening ceremony took place on April 25 under the presidency of H.E. Pan Sorasak, Minister of Commerce and his visiting Bangladeshi counterpart H.E. Tofail Ahmed.

This three-day international workshop was attended by some 200 participants from various stakeholders, including visiting Bangladeshi businessmen group led by Bangladesh International Chamber of Commerce (ICC) President Mr. Mahbubur Rahman.

In his opening remarks, H.E. Pan Sorasak underlined the role of small- and medium-sized enterprises (SMEs) in the rehabilitation of world economic crisis and called for collaboration in settling financial shortage issue. He also called on entrepreneurs to change business model structure in an innovative way toward trade globalisation and cross-border investment.

H.E. Tofail Ahmed raised the global trade evolution in the past 25 years and laid stress on the importance of providing financing to SMEs to strengthen global value chains and increasing the international trade flow.

H.E. Ouk Maly, Vice Governor of the National Bank of Cambodia, highlighted the significance of global value chains in maintaining the balance of international trade, and the role of the central banks in reducing the SMEs' risks.

Source: Agency Kampuchea Press